- ECB's Governing Council member Villeroy: ECB still has ample time to judge and decide on post PEPP moves, well beyond our June meeting
Market news
25 May 2021
ECB's Governing Council member Villeroy: ECB still has ample time to judge and decide on post PEPP moves, well beyond our June meeting
- ECB can accept inflation above 2% for some time
- ECB is at least as accommodative and will be at least as patient as U.S. Fed
- Any hypothesis of reduction of purchases partly for the third quarter or following quarters is purely speculative
- Our monetary policy can be patient, as the euro area inflation is well below other jurisdictions
- Based on our experience with the PEPP, we could move towards some additional flexibilities, in terms of allocation and/or volume
- I believe we should keep TLTROs in place in some form for more time
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