Free Trial

Lagarde Flags Importance of December Projections For Next Policy Move

ECB

Q: When you discuss PEPP in December and economic output has returned to pre-pandemic levels, would that be a sufficient condition for determining the end of the Covid crisis? What then does that imply for your October meeting.
- A: We will have plenty to discuss and review in October. The important meeting at which we will discuss the terms and conditions will be in December.

  • At our December meeting, it could be that our forecast is delivered upon (i.e. back to pre-pandemic levels, although not necessarily back at trend) and we will have new projections.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.