The euro rose 0.4% against the dollar on Wednesday to $1.0575 after European Central Bank President Christine Lagarde laid out a timetable for the first interest rate hike in the bloc in a decade.
The European Central Bank on Thursday said it expected to end net asset buys under its Asset Purchase Program in the third quarter. For the current quarter, the ECB said it was sticking to a plan to buy €40 billion in April, €30 billion in May and €20 billion in June, while the pace of any purchases in the third quarter would be "data dependend." The ECB said any change in interest rates would come "some time after" it had ended net asset purchases. In its policy statement, the ECB said Russia's
The European Central Bank, calling Russia's invasion of Ukraine a "watershed for Europe," on Thursday said it would adjust its Asset Purchase Program, or APP, in the months ahead to take into account "the uncertain environment." The ECB said its Governing Council also expressed support for the Ukrainian people. The central bank will end its pandemic emergency purchase program, or PEPP, at the end of March as scheduled. Monthly purchases under APP will amount to Monthly net purchases under the AP