The chief economist of the European Central Bank (ECB), Philip Lane, offered the same opinion on the Pandemic Emergency Purchase Program (PEPP), as expressed by his colleagues last week.
Featured statements
“It is premature to talk about the end of the PEPP.”
“The ECB does not have a fixed volume approach to the PEPP.”
“It is not mechanical to decide the pace of PEPP purchases.”
“September will be important, but a lot of data is still missing“.
“The job market will take a long time to recover.”
“The United States and the eurozone are in different situations.”
Market reaction
Euro traders ignore the ECB speech as the pair is currently trading at 1.1987, shedding 0.07% on the day.
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
