ECB’s Lane: We will adjust PEPP composition as much as necessary, for as long as needed
|The European Central Bank (ECB) Chief Economist Phillip Lane reiterated the central bank’s stance on the Pandemic Emergency Purchase Programme (PEPP), saying, “We will adjust PEPP composition as much as necessary, for as long as needed.”
Further quotes
Non-fundamental volatility in spreads impairs the smooth transmission of policy.
It is a basic task for the central bank to counter such destabilizing forces.
EUR/USD reaction
The shared currency shrugs-off the above comments, as EUR/USD clings to gains near two-week highs of 1.0979 reached in the last hour.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.