ECB's chief economist Lane: We will further adjust our instruments if warranted, that includes size of PEPP

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1 May 2020

ECB's chief economist Lane: We will further adjust our instruments if warranted, that includes size of PEPP

We will adjust PEPP composition as much as necessary, for as long as needed
Non-fundamental volatility in spreads impairs smooth transmission of policy
It is basic task for central bank to counter such destabilizing forces

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