ECB statement reveals slight compromise to the hawks but nothing more

ECB adds one small part to its statement this month
"If favourable financing conditions can be maintained with asset purchase flows that do not exhaust the envelope over the net purchase horizon of the PEPP, the envelope need not be used in full. Equally, the envelope can be recalibrated if required to maintain favourable financing conditions

Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *