More from the Schnabel interview: - Q: Should...>

ECB: More from the Schnabel interview:

- Q: Should we expect the ECB's EUR750bn Pandemic Emergency Purchase Programme

(PEPP) to run out of ammunition by October if it continues at its current pace?

- A: As you know there is a monetary policy meeting coming up next week and at

the same time we will publish new staff forecasts. We are going to look at the

numbers very carefully. One number that is of course of particular interest is

the evolution of the medium-term inflation outlook. If we see that the situation

has deteriorated, and if we judge that further stimulus is needed, the ECB will

be ready to expand any of its tools in order to achieve its price stability

objective. With respect to the PEPP, this concerns the size but also the

composition and the duration of the programme. We are ready to react to new data

coming in.