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.”
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