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10/28, 3:01 PM (Source: TeleTrader)
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ECB's Lagarde: PEPP slowdown isn't tapering

European Central Bank President Christine Lagarde insisted on Thursday that the slowdown of purchases under the Pandemic Emergency Purchase Programme (PEPP) couldn't be considered tapering.

During a conference following the ECB's decision to keep its key interest rates unchanged, Lagarde told reporters that she believes the PEPP would end in March next year as planned.

The discussion followed the ECB's remarks that the bank would continue purchases under PEPP at a "moderately lower pace."

Breaking the News / ND