European Stocks Close Higher Again
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - European markets closed higher on Thursday, extending recent gains, as investors reacted positively to the European Central Bank s monetary policy announcement, and some encouraging earnings reports.
The European Central Bank today left interest rates unchanged and made no changes to its bond-buying efforts. The central bank said the Governing Council decided to reconfirm its very accommodative monetary policy stance.
The central bank said it would continue to buy bonds under its 1.85 trillion euro pandemic emergency purchase program until at least the end of March 2022, while net purchases under its asset purchase program would continue at a monthly pace of 20 billion euros. The bank added that PEPP purchases, as decided at the ECB s previous meeting, will continue at a significantly faster pace over the current quarter.
ECB leaves interest rates, pandemic stimulus unchanged
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