ECB's Governing Council member Villeroy: We are and will remain flexible in implementing pandemic emergency purchase programme

Market news

14 May 2020

ECB's Governing Council member Villeroy: We are and will remain flexible in implementing pandemic emergency purchase programme

We will not allow adverse market dynamics to lead to unjustified interest rate increases in some countries
Yields and spreads do matter, even if we don't target fixed levels
Eurosystem should be guided more by market dynamics and liquidity conditions than predetermined volumes of purchases

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