ECB's Weidmann: ECB's PEPP should end soon
|In an interview with Germany's Handelsblatt daily, Jens Weidmann, European Central Bank (ECB) Governing Council member and Bundesbank President, called for the ECB to end the Pandemic Emergency Purchase Programme (PEPP) to end soon, per Reuters.
Additional takeaways
"Condition for a normalisation of monetary policy is a robust economic recovery, end of main measures to end the pandemic."
"I believe this will happen in 2022."
"Inflation in Germany is only temporary."
"No indication of excess wage hikes in Germany."
Market reaction
These comments failed to help the shared currency find demand. As of writing, the EUR/USD pair was down 0.73% on the day at 1.1906.
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.