“Even a lot of recovery in recent months would still leave the euro area economy in an expected range,” European Central Bank’s (ECB) chief economist Philip Lane said on Tuesday. “The euro area economy is probably growing a little bit,” Lane added. Regarding the ECB’s Pandemic Emergency Purchase Programme (PEPP), Lane said the benchmark for the PEPP was the capital key. “The whole point of having flexibility is that you can deviate from the capital key.” Market reaction These comments had no impact on the shared currency’s performance against its rivals. As of writing, the EUR/USD pair was up 0.7% on the day at 1.0975. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold Price Analysis: Flat-lined above $1722-20 horizontal support, bullish bias remains FX Street 3 years "Even a lot of recovery in recent months would still leave the euro area economy in an expected range," European Central Bank's (ECB) chief economist Philip Lane said on Tuesday. "The euro area economy is probably growing a little bit," Lane added. Regarding the ECB's Pandemic Emergency Purchase Programme (PEPP), Lane said the benchmark for the PEPP was the capital key. "The whole point of having flexibility is that you can deviate from the capital key." Market reaction These comments had no impact on the shared currency's performance against its rivals. As of writing, the EUR/USD pair was up 0.7% on the day… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
