The Pandemic Emergency Purchase Program (PEPP) and Long Term Refinancing Operations (TLTRO) have been a very good match for pandemic conditions, the chief economist of the European Central Bank (ECB) Philip Lane, according to Reuters.
Additional conclusions
“It is important not to infer that the ECB only looks at PEPP and TLTRO.”
“Without further concern about inflation due to recent negative readings, this year’s big drops will be partly reversed.”
“The vaccine reduces the possibility of more severe economic scenarios.”
“Try to keep the financing conditions where they are these days.”
Market reaction
The EUR / USD pair did not show an immediate reaction to these comments and was last seen trading flat on the day at 1.2070.
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