ECB’s Simkus: Too early to talk about end of PEPP program
The European Central Bank’s Governing Council member and Lithuanian central bank Chief Gediminas Simkus echoed comments from President Christine Lagarde on a likely end to the Pandemic Emergency Purchase Programme.
Key quotes
“Too early to talk about the end of PEPP program.”
“September forecasts needed to discuss PEPP.”
In fact, ECB policymaker Robert Holzmann also said, “PEPP will end in March next year unless a new virus wave occurs.”
Market reaction
EUR/USD is consolidating its bounce above 1.2100, having hit daily highs at 1.2121 in the last hour. The movement remains restricted amid holiday-thinned trading and ahead of a light US economic calendar.
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.
