ECB’s Villeroy: PEPP is a ‘masterpiece’ of strong central bank reaction

The European Central Bank (ECB) Governing Council member and Bank of France Head Francois Villeroy de Galhau said on Tuesday, Pandemic Emergency Purchase Program  (PEPP) is a 'masterpiece' of strong central bank reaction. Additional quotes “ECB can be even more open in PEPP flexibility.” “Does not see a need to change rates at present.” “Economic recovery is underway, but will be gradual and slow.” “Unemployment will be a challenge for some time.” “Determined to deliver on the mandate, regardless of the German court ruling.”