Euro Slips as ECB Maintains Dovish Stance
Euro Slips as ECB Maintains Dovish Stance The euro slipped against the dollar Thursday as the European Central Bank indicated it was in no rush to taper its emergency bond purchases despite optimism over a strong recovery.To get more news about WikiFX , you can visit wikifx.com official website. The European Central Bank, as widely expected, left its benchmark rate at 0.00% and said it would stick with plans to accelerate emergency bond purchases until March 2022 in a bid to keep bond yields steady. “[T]he Governing Council expects purchases under the PEPP over the current quarter to continue to be conducted at a significantly higher pace than during the first months of the year,” the ECB said in a monetary policy statement. President of the bank Christine Lagarde was also quick to downplay any notion the central bank would look at tapering bond purchases, saying it was “simply premature,” and adding that any changes to the program would be “data-dependent.” The d