Lagarde speech: It is too early to debate the end of PEPP purchases


It is too early to debate the end of the Pandemic Emergency Purchase Programme (PEPP), the European Central Bank (ECB) President Christine Lagarde said in an interview with Politico.

Additional quotes

“Hope to present strategy review results by the end of summer.”

“We are on the road to recovery, squarely on the way to pre-pandemic levels.”

“Likely to be back there in Q1 2022.”

“Think that ECB has delivered in terms of policy support.”

Market reaction

EUR/USD is unfazed by Lagarde’s comments, as it remains at the mercy of the US dollar dynamics.

The spot is now trading at 1.2101, modestly flat on the day.

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