Schnabel says they are considering a 12-month extension on the PEPP as an option

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The European Central Bank (ECB) is considering the extension of the PEPP for 12 months as one of the options”Said Executive Council member Isabel Schnabel on Tuesday.

Additional comments:

The ECB may consider a longer duration of the favorable TLTRO rate.

The ECB you are not required to do what the markets expect of us.

ECB stimulus should sustain, not alleviate, financial position.

It is very likely that a economic contraction in the fourth quarter in the eurozone “.

The stimulus should reflect a longer pandemic crisis.

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