ECB leaves key rates unchanged in September monetary policy meeting, as expected 0 (0)

ECB announces their latest monetary policy decision – 9 September 2021
In any case, as mentioned earlier , the optics may suggest a more hawkish tilt but essentially this will be balanced out by continued (and likely higher) APP purchases once the PEPP envelope expires in March next year.
So, it is basically just an operational/technical taper

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