Weidmann says that the deposit rate cut is one of the tools available

Jens Weidmann, a member of the Governing Council of the European Central Bank (ECB) and President of the Bundesbank, said on Wednesday that the ECB’s Pandemic Emergency Purchasing Program (PEPP) is flexible.

Additional comments:

The deposit rate cut is one of the ECB’s tools“.

“The size of yield movements is not particularly worrisome“.

“The ECB observes conditions beyond government bond yields“.

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