- ECB's Governing Council member de Cos: PEPP should be adjusted to counter rise in interest rates if that increase is not accompanied by return of medium-term inflation - Reuters
Market news
23 April 2021
ECB's Governing Council member de Cos: PEPP should be adjusted to counter rise in interest rates if that increase is not accompanied by return of medium-term inflation - Reuters
- As long as our medium-term inflation projections do not show clear improvement, we should accommodate increases in market-based long-term inflation expectations measures
- A point target of exactly 2% would be "a good choice" regarding ECB's new inflation aim in the upcoming strategy review
- It may be “necessary” to allow national fiscal authorities scope for growth-enhancing fiscal policies within credible post-pandemic fiscal consolidation plans
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