The European Central Bank policymaker and Bank of France Governor Francois Villeroy de Galhau cross the wires in the last hour, saying that the PEPP program will continue at least until March 2022.
- PEPP tapering talk is purely speculative.
- Monetary policy will remain accommodative even if the PEPP program were to ease up.
- Interest rates remain very favourable at present towards economic activity.
The comments had very little impact on the shared currency and failed to provide any impetus to the EUR/USD pair, which was last seen trading with modest gains around the 1.2135 region.