ECB policymakers not expecting to make decision on PEPP in September – Reuters

Eren Sengezer FXStreet

Citing three sources with knowledge of the matter, Reuters reported on Friday that European Central Bank (ECB) policymakers do not expect to make a decision on possible changes to the Pandemic Emergency Purchase Programme (PEPP) at September's meeting.

Sources further noted that a decision on PEPP was more likely in October or even December as policymakers will have a more clear picture of the impact of the coronavirus Delta variant on the eurozone economy.

Market reaction

With the initial reaction to this headline, the EUR/USD pair edged slightly higher and was last seen posting small daily gains at 1.1777.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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