“It is too early to discuss the end of the European Central Bank’s Pandemic Emergency Purchasing Program (PEPP),” the member of the ECB’s governing council said on Wednesday. Gabriel Makhlouf, according to Reuters.
“The recovery can be bumpy and uneven, the viability of some companies will be proven by the necessary reduction in government support, “added Makhlouf.
Market reaction
After these comments, the shared currency appears to be weakening modestly against its main rivals. At the time of writing, the pair EUR/USD it was trading at a new session low of 1.2115, losing 0.08% daily.
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