ECB’s Wunsch: PEPP discussion will take place after the summer
The discussion on the Pandemic Emergency Purchase Programme (PEPP) will take place after the summer, the European Central Bank (ECB) policymaker Pierre Wunsch said in an interview with CNBC on Friday.
Additional quotes
“Dissent should not be dramatized.”
“Not comfortable committing to forward guidance for such a long time.”
“Would have pleaded for an escape clause in the forward guidance.”
“Not comfortable with 5-10 more years of QE just because inflation is at 1.5%-1.8%.”
“Logical conclusion is to end PEPP in March as planned.”
“After PEPP, will go back to APP and other instruments.”
“Optimistic that delta variant won’t have an impact comparable to previous spikes.”
“Very far from conditions where we would consider hiking rates.”
Related reads
Eurozone: Inflation, growth seen higher in next two years – ECB Survey
Eurozone Preliminary Manufacturing PMI beats estimates with 62.6 in July