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

Author: Justin Low | Category: Central Banks

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

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