ECB's Kazaks: Decision to slow bond purchases is possible in June
|The European Central Bank Governing Council member, Martins Kazaks crossed the wires in the last hour, saying that a decision to slow bond purchases is possible in June.
Key Quotes:
- The ECB might not use a full PEPP envelope.
- We will not react to all increases in market rates.
- Risks to the economic outlook have shifted to the upside now.
- Premature to talk about exiting the pandemic program.
- Would discuss boosting APP after PEPP if inflation is weak.
The comments provided a modest lift to the shared currency and pushed the EUR/USD pair to the 1.2100 neighbourhood, or fresh weekly tops in the last hour.
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