Christine Lagarde, President of the European Central Bank (ECB), delivers her comments on the prospects for monetary policy at a press conference following the ECB’s decision to leave the monetary policy configuration unchanged.
Key Comments:
“The ECB is not bound by any specific number in the Pandemic Emergency Purchasing Program (PEPP) “.
“It doesn’t take into account what a significant increase in PEPP means.”
“There is a total consensus on the decision of the pace of the PEPP“.
“The decision on a faster buying rate needed the approval of the council.”
“The ECB is not operating mechanically“.
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