ECB's Vasle: ECB should end PEPP in March if economic trends continue
In an interview with Reuters on Tuesday, European Central Bank (ECB) policymaker Bostjan Vasle said there are early signs that wage pressures in the euro area could become material and pose inflation risks.
Additional takeaways
"ECB should end the Pandemic Emergency Purchase Program (PEPP) in March if economic trends continue."
"Real financing conditions remain favourable despite nominal yield rises."
"Open to discussion on keeping some but not all of PEPP's flexibility."
Market reaction
The EUR/USD pair consolidates its impressive daily gains ahead of the American session and was last seen rising 0.45% on the day at 1.1660.
Author
Eren Sengezer
FXStreet
As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.
