- ECB's Executive Board member Schnabel: No need to adjust policy if economy performs according to baseline foreast; PEPP size appropriate in current situation
Market news
31 August 2020
ECB's Executive Board member Schnabel: No need to adjust policy if economy performs according to baseline foreast; PEPP size appropriate in current situation
- Eurozone economy performing according to ECB's baseline forecast
- As the risk of fragmentation recedes, need to deviate from the capital key is also reduced
- Post-review ECB inflation aim should maintain a medium-term perspective, must be simple to communicate
- Joint EU debt issuance on its own does not justify increase in PEPP
- Time has not yet come to adjust tiering multiplier
- May have to revise plans to meet in person on September 10
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