The ECB publish an interview with Executive.....>

ECB: The ECB publish an interview with Executive Board member Lane, in El Pais:

- Q: At its June meeting, the ECB is expected to announce an increase in the

PEPP, which was launched in March to the tune of EUR750 billion.

- A: We are a goal-oriented institution and this applies equally to our monetary

policy measures. So the precise configuration of the PEPP is guided by the two

tasks it has: improving monetary conditions and stabilising financial markets.

The exact figure is of secondary importance. We are constantly assessing whether

we are doing enough and if there is a risk of instability. The June meeting is

still three weeks away, and we are in the process of analysing the situation. If

we see that financial conditions are too tight, or the pressure on individual

bond markets is not reflecting economic fundamentals, we can adjust the size or

duration of our purchases, which we can anyway allocate flexibly over time and

market segments. Our aim is to ensure that financial conditions are appropriate

for all markets and to help counter rather than amplify the impact of the

pandemic shock on the economy.