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The ECB left interest rates unchanged Thursday and held off on adding any new monetary stimulus. At its last meeting in June, the central bank expanded its Pandemic Emergency Purchase Programme by 600 billion euros ($680 billion) to 1.35 trillion euros, in a bid to prop up the euro zone economy amid the coronavirus crisis.
But since that decision, a number of hawkish policymakers in the region have questioned whether the full amount of stimulus will be needed if the economy rebounds faster than expected. Analysts have suggested there could be some “tapering” of its pandemic program in the future.