ECB's Kazaks: Decision to slow bond purchases is possible in June

Haresh Menghani FXStreet

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.

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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