Energy prices, up 28.6%, played a major role in record inflation for nations using euro currency, but ECB predicts it will fall to 1.8% in 2023 and 2024
Based on a Solactive index, the fund has a covered call option on up to 33% of the portfolio securities
Energy costs jumped 26%, Eurostat reports, while food price increases also contributed to European inflation
Work remains to reinforce the shared currency, finance ministers say
Meanwhile, central banks in other parts of the world look to dial back support
The second-quarter growth figure was stronger than the 1.5% foreseen by market analysts
The decision is part of a new approach to monetary policy similar to that of the Federal Reserve
Slow vaccine rollouts and extended lockdowns have delayed the hoped-for recovery
ECB president Christine Lagarde said that the economic outlook in the short term "remains clouded by uncertainty"
Central bank intends to buy bonds at a "significantly higher pace"