Euro zone economy growing according to ECB's baseline, policymaker says

Market news

26 August 2020

Euro zone economy growing according to ECB's baseline, policymaker says

Reuters reports that the euro zone economy is growing in line with the path the European Central Bank projected in June, and the bank's bond purchase scheme to help tackle the pandemic emergency is working as intended, ECB policymaker Peter Kazimir said on Wednesday.

Kazimir added that the ECB was not obligated to spend all of the 1.35 trillion euros ($1.6 trillion) set aside for debt purchases in the Pandemic Emergency Purchase Programme.

"I have said in the past that once we have an appropriate response from the fiscal side, then of course we are not obliged to use the whole (PEPP) envelope," Kazimir told reporters.

EUR/GBP to trade lower at 0.88 on a trade deal in Q4 – Danske Bank

An economic decoupling of the U.S. and China is ‘a long way away,’ says former IMF China head

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.