ECB's chief economist Lane: Too early to discuss end of PEPP in September policy meeting, but discussion should take place in autumn

Market news

25 August 2021

ECB's chief economist Lane: Too early to discuss end of PEPP in September policy meeting, but discussion should take place in autumn

Any adjustment to pace of PEPP purchases in September subordinated to commitment for favourable financing conditions
Markets don't need long notice before end of PEPP as QE will continue via APP
ECB committed to favourable financing conditions at least through March next year
Not seeing big wage rise, so no change to view that inflation is transient
Euro area growth this year broadly in-line with June projections
Delta variant impact on euro area economy limited given high vaccination rate

Japan's prime minister Suga: We have enough supplies of vaccines to provide booster shots if such decision is formally reached

U.S. Stocks open: Dow -0.18%, Nasdaq +0.11%, S&P 0.00%

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