ECB’s Wunsch: PEPP discussion will take place after the summer

Dhwani Mehta FXStreet

The discussion on the Pandemic Emergency Purchase Programme (PEPP) will take place after the summer, the European Central Bank (ECB) policymaker Pierre Wunsch said in an interview with CNBC on Friday.

Additional quotes

“Dissent should not be dramatized.”

“Not comfortable committing to forward guidance for such a long time.”

“Would have pleaded for an escape clause in the forward guidance.”

“Not comfortable with 5-10 more years of QE just because inflation is at 1.5%-1.8%.”

“Logical conclusion is to end PEPP in March as planned.”

“After PEPP, will go back to APP and other instruments.”

“Optimistic that delta variant won't have an impact comparable to previous spikes.”

“Very far from conditions where we would consider hiking rates.”

Eurozone Preliminary Manufacturing PMI beats estimates with 62.6 in July

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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