ECB Holds Steady on Main Refinancing Rate, Bond-Buying Program

The video discusses the current state of interest rates, including the refi rate and marginal lending facility. It covers forward guidance and quantitative easing, noting that QE will continue until interest rates rise. The pandemic bond buying program remains at 1.35 trillion, with reinvestment of maturing PEPP bonds through 2022. Market reactions are noted, with the euro-dollar exchange rate mentioned. The video concludes with a preview of an upcoming news conference and forecast statement.

What is the expected impact of QE on interest rates according to the text?

What does the text indicate about the euro's performance?