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

ECB
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.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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