- ECB's Governing Council member Wunsch: ECB is fine with financing conditions as they are
Market news
6 April 2021
ECB's Governing Council member Wunsch: ECB is fine with financing conditions as they are
- Household savings in 2020 and the start of 2021 are enough to finance private consumption growth above 2019 level for 3-5 years
- ECB can only keep financing conditions stable for a few months or a year
- Surprised by the resilience of eurozone economies
- If economy improves strongly, it will have to mean some tightening at some point
- If economy clearly deteriorates, ECB could extend PEPP beyond March 2022
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