The president of the Dutch central bank and legislator of the European Central Bank (ECB), Klaas Knot, has told Reuters in an interview that the eurozone economy is on the way to a solid recovery in the second half of the year. This could allow the ECB to begin phasing out its emergency bond purchases in the third quarter and finalize purchases in March 2022., has added Knot.
Additional comments:
Clearly, there are upside risks to growth in the second half.
There are good reasons to expect a strong recovery in the second half of 2021.
The outlook beyond the short term has not changed, the economy shows resilience.
You are comfortable with rising nominal returns if it is driven by better inflation and growth prospects.
You can flexibly adjust the volumes of the PEPP even within the quarter, if applicable.
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