ECB expects to continue PEPP purchases at 'significantly higher' pace in coming quarter

The European Central Bank on Thursday offered few surprises, keeping interest rates unchanged and leaving the size of its asset purchase programs unchanged. The ECB said it expected to continue to purchase assets under its pandemic emergency purchase program at a "signficantly higher" pace than seen in the early months of this year. Analysts had been divided on whether the ECB would stick to the increased pace of purchases undertaken this quarter. ECB President Christine Lagarde will hold a news conference at 2:30 p.m. Frankfurt time, or 8:30 a.m. Eastern.

Read Next

Read Next

Barron's: Get Ready for $178 Billion of Selling Ahead of the Capital-Gains Tax Hike. These Are the Stocks Most at Risk.

The last time capital-gains taxes were hiked, in 2013, the wealthiest households sold 1% of their equity assets, a Goldman analyst found.

More On MarketWatch

About the Author