ECB's president Lagarde: No number in mind regarding what a "significant" increase is in PEPP pace

Market news

11 March 2021

ECB's president Lagarde: No number in mind regarding what a "significant" increase is in PEPP pace

PEPP pace change required Governing Council decision
There was a total consensus on PEPP pace decision
ECB is not operating mechanically
Convenient to decide on PEPP pace on quarterly basis
Governing Council not monitoring PEPP on weekly basis
Don't expect big PEPP rise next Monday because there are still lots of redemptions and we're just starting to implement the decision today
There's no reference to any kind of yield curve control; ECB is not doing yield curve control
ECB will see through temporary inflation spikes
It's possible that inflation will hit 2% by the end of 2021
Not looking at any particular segment of yield curve
ECB monitoring carefully exchange rate for inflation
ECB not targeting exchange rate

ECB's president Lagarde: ECB sees GDP growth at 4.0% and HICP inflation at 1.5% in 2021

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