ECB's Lagarde: APP very likely to end in Q3, though open minded about when in Q3 this occurs

Joel Frank Independent Analyst

In her usual post-European Central Bank policy meeting press conference, ECB President Christine Lagarde said that the bank's Asset Purchase Programme (APP), which is being tapered down to EUR 20B in purchases per month in Q2, is very likely to end in Q3, reported Reuters. However, Lagarde said she is open-minded about specifically when it ends in Q3.

When pressed on the ECB's current guidance that interest rate hikes could begin "some time after" the end of the APP, Lagarde said it could be anything between a week and several months.

Author

Joel Frank

Independent Analyst

Joel Frank is an economics graduate from the University of Birmingham and has worked as a full-time financial market analyst since 2018, specialising in the coverage of how developments in the global economy impact financial asset

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