In an interview with the German newspaper Handelsblatt, Jens Weidmann, A member of the Governing Council of the European Central Bank (ECB) and president of the Bundesbank, he called on the ECB to end the Pandemic Emergency Purchase Program (PEPP) so that it ends soon, according to Reuters.
“The condition for a normalization of monetary policy is a solid economic recovery, end of the main measures to end the pandemic.”
“I think this will happen in 2022.”
“Inflation in Germany is only temporary.”
“There are no signs of excessive wage increases in Germany.”
These comments did not help the shared currency find demand. At the time of writing, the pair EUR/USD it was down 0.73% on the day to 1.1906.