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At its monetary policy meeting held on June 4th, the Governing Council of the European Central Bank (ECB) decided to leave the interest rates on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25% and -0.50%, respectively, as expected. 

More importantly, the ECB announced that it expanded its Pandemic Emergency Purchase Programme (PEPP) by €600 billion to €1,350 billion.

Follow our live coverage of ECB’s policy announcements and the market reaction.

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