Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
Real-time insight on key fixed income and fx markets.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
Sign up now for free access to this content.
Please enter your details below and select your areas of interest.
Q: How do you see how the market is interpreting today's message on monetary policy? It is being seen as dovish, do you agree? Could PEPP transition into another programme after March 2022?
- A: I would not say 'lower for longer'. None of us want to tighten prematurely. We are informed by past experience. It would be premature to talk about a transition from PEPP – this was not part of the debate.
- A: We want to meet the 2% target by the end of the forecast horizon. We are still looking at preserving favourable financing conditions and we would counter any tightening. We want to alleviate the downside impact of the pandemic on the inflation target. PEPP was for the emergency period of the pandemic; we are still in that emergency period. An exit now would be premature.