Search ForexCrunch

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.”