Remarks by ECB policymaker, Robert Holzmann
- ECB in position to think about reducing pandemic aid
- ECB should de-link guidance on rates, APP purchases
- APP does not need same kind of flexibility as PEPP
- ECB needs to have inflation risk on its mind
This was supposed to have come in September but delta variant risks did throw a bit of a curveball to the economic outlook in the past month or so. That said, Europe seems to be in a good position as vaccinations have progressed well.
In any case, they may see fit to reduce the pace of PEPP purchases towards year-end but the programme is likely to stay the course up until March next year as intended.
