ECB's Villeroy says could possibly look to end PEPP purchases in March next year

Remarks by ECB policymaker, Francois Villeroy de Galhau

• 2% inflation is a target, not the ceiling
• PEPP will run at least until March 2022
• ECB policy should remain accommodative in the coming years
• The end of PEPP does not mean end of accommodative policy

They haven't even significantly stepped up purchases, yet all they can talk about is tapering and exiting from PEPP policy. Good stuff.