The pandemic emergency purchase programme (PEPP) must remain a temporary crisis instrument, European Central Bank Executive board member Yves Mersch said on Thursday. Additional takeaways “We would not need to make use of the full PEPP envelope if the governing council were to assess that market tensions had eased sufficiently.” “We are mindful that the size of our balance sheet. The significant stock of acquired assets and reinvestments of the maturing principal payments can have implications for market functioning and price formation.” “The sheer size of the PEPP also goes beyond its primary backstop function by providing additional support to the monetary policy stance.” Market reaction The EUR/USD pair largely ignored these comments and was last seen losing 0.37% on the day at 1.1207. 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 ECB’s Knot: There’s now a glimmer of the beginning of a recovery FX Street 2 years The pandemic emergency purchase programme (PEPP) must remain a temporary crisis instrument, European Central Bank Executive board member Yves Mersch said on Thursday. Additional takeaways "We would not need to make use of the full PEPP envelope if the governing council were to assess that market tensions had eased sufficiently." "We are mindful that the size of our balance sheet. The significant stock of acquired assets and reinvestments of the maturing principal payments can have implications for market functioning and price formation." "The sheer size of the PEPP also goes beyond its primary backstop function by providing additional support to the… 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.
