Commenting on the inflation outlook, the European Central Bank (ECB) policymaker Robert Holzmann said that the central bank is in a “dangerous zone” as inflation concerns accelerate.
Key quotes
“Too early to talk about ending PEPP.”
“PEPP will end in March next year unless a new virus wave occurs.”
“PEPP was designed to be a temporary instrument.”
On Friday, Holzmann said that if inflation went over 3% that would lead the central bank to a re-think of strategy.
Market reaction
EUR/USD is off the lows but maintains its range play around 1.2100, little changed on the day.
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Lagarde speech: It is too early to debate the end of PEPP purchases
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