ECB sources

  • ECB decision on PEPP extension was not unanimous, but had big majority
  • policymakers debated different PEPP package size; 500B EUR increase was around midpoint of numbers on table
  • were in agreement on length of PEPP extension, 12 month extension was not discussed
  • NO ECB policymakers raise objection to final statement

The EURUSD has rotated back to the downside on the headlines.