# ECB leaves key policy rates unchanged; boosts PEPP by €600 billion

> The ECB kept its deposit rate at -0.50% and its main refinancing rate at 0.00%, and added 600 billion euros to the PEPP, taking it to 1,350 billion euros. The programme now runs to at least June 2021. EUR/USD rose from 1.1200 to 1.1240 after the decision.

- Date: 2020-06-04 · published 2020-06-04T12:00:00.000Z
- Category: macro · region Euro area · magnitude medium
- Page: https://feedsoft.ai/events/52845-ecb-leaves-key-policy-rates-unchanged-boosts-pepp-by-600-billion
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

The larger bond-buying programme supports euro-area growth and weighs on the euro, which can lift dollar-priced commodities and affect the cost of imported feed inputs for European buyers.

## Read by commodity

- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2017-09-07 | [ECB cites inflation-dampening euro rate as policy factor](https://feedsoft.ai/events/69161-ecb-cites-inflation-dampening-euro-rate-as-policy-factor.md) | -0.4% | -1.5% |
| EURUSD | 2018-01-26 | [Has The ECB Lost Control Of The Euro Exchange Rate Complex? \| Exchange Rates UK](https://feedsoft.ai/events/67194-has-the-ecb-lost-control-of-the-euro-exchange-rate-complex-exchange-rates-uk.md) | -0.0% | -1.5% |
| EURUSD | 2023-06-15 | [European markets live updates: ECB rate decision, Fed rate decision](https://feedsoft.ai/events/35701-european-markets-live-updates-ecb-rate-decision-fed-rate-decision.md) | +0.9% | +3.5% |
| EURUSD | 2021-09-17 | [Euro-Dollar Rate Heavy Despite Leaked ECB Inflation Forecasts](https://feedsoft.ai/events/45270-euro-dollar-rate-heavy-despite-leaked-ecb-inflation-forecasts.md) | -0.2% | -1.4% |
| EURUSD | 2020-06-04 | [ECB Goes All Out With 600 Billion Euro Increase in Bond Buying - Bloomberg](https://feedsoft.ai/events/52840-ecb-goes-all-out-with-600-billion-euro-increase-in-bond-buying-bloomberg.md) | +1.0% | +0.1% |

## Sources

- investinglive.com: https://investinglive.com/centralbank/!/ecb-leaves-key-policy-rates-unchanged-20200604

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.