The council of economic advisers to the German government said on Wednesday that the European Central Bank (ECB) should end the Pandemic Emergency Purchase Program (PEPP) tan pAs soon as the economic recovery takes hold, as reported by Reuters.
The European Union should not make the recovery funds, financed through debt placement, permanent, unless a member state transfers fiscal sovereignty to Brussels, the advisers added.
Market reaction
The EUR / USD pair showed no reaction to these comments and was trading in the six-day lows near 1.1750.
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Credits: Forex Street
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