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New incentives in the euro area

New incentives in the euro area | 11 December 2020

11 December 2020, EUR/USD

New incentives in the euro area

EURUSD trading plan:

The Governing Council expects the key ECB interest rates to remain at their present or lower levels until it has seen the inflation outlook robustly converge to a level sufficiently close to, but below, 2 per cent within its projection horizon, and such convergence has been consistently reflected in underlying inflation dynamics. The Governing Council decided to increase the envelope of the pandemic emergency purchase programme by €500 billion to a total of €1,850 billion. It also extended the horizon for net purchases under the PEPP to at least the end of March 2022. In any case, the Governing Council will conduct net purchases until it judges that the coronavirus crisis phase is over.

Investment idea: range 1.2120 -12210.

David Johnson
Analyst of «FreshForex» company
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