Remarks by ECB policymaker, Madis Muller
- Planned total size of PEPP "will remain the same"
- Don't overestimate yields impact on the recovery
If he's trying to send a strong message, saying that the total PEPP envelope will stay the same isn't really all too convincing. Nonetheless, with plenty of ambiguity as to how much so the ECB will pursue quicker and more purchases, they will have more to do in the months ahead in order to pacify the market - as evident already today.
