The European Central Bank (ECB) governing council member, Robert Holzmann cross the wires in the last hour and said that there are indications for sustainable recovery from the middle of 2021.
- Cannot rule out the possibility that ECB could implement new policy tools.
- PEPP purchases worked, helped to lower spreads.
- Lower deposit rates wouldn’t have an effect.
- Sees asset bubble risk, no actual bubbles yet.
The comments did little to influence the EUR/USD pair, which held on to its modest gains above the 1.1900 mark and remains at the mercy of the USD price dynamics.