In an interview published on the European Central Bank’s website, ECB chief economist Philip Lane said that rising weekly asset purchases reflect the ECB’s commitment to have a substantial increase in the pace of purchasing. Additional takeaways “If you average over several weeks you will see the substantial increase in a consistent way.” “As we now go into the second quarter, it’s going to be a long quarter. The concerning news is that the virus case numbers are remaining high and are creeping up.” “What we see in terms of the inflation outlook will determine how much we react in terms of the scale of asset purchasing.” “The PEPP will adjust in a flexible way to make sure that financing conditions remain favourable.” Market reaction These comments don’t seem to be impacting the shared currency’s performance against its rivals in a significant way. As of writing, the EUR/USD pair was down 0.26% on the day at 1.1899. 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 GBP/USD surrenders to King Dollar ahead of critical testimonies, levels to watch Yohay Elam 8 months In an interview published on the European Central Bank's website, ECB chief economist Philip Lane said that rising weekly asset purchases reflect the ECB's commitment to have a substantial increase in the pace of purchasing. Additional takeaways "If you average over several weeks you will see the substantial increase in a consistent way." "As we now go into the second quarter, it's going to be a long quarter. The concerning news is that the virus case numbers are remaining high and are creeping up." "What we see in terms of the inflation outlook will determine how much we react… Top 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.
