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

Dhwani Mehta FXStreet

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.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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