5/11, 8:39 AM (Source: TeleTrader)
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ECB's Villeroy: Will maintain PEPP at least until March 2022

The European Central Bank (ECB) Governing Council member Francois Villeroy de Galhau said on Tuesday that policymakers would maintain the pandemic emergency purchase program (PEPP) at least until March 2022.

Speaking on the France info TV channel, Villeroy dismissed all current talk of tapering as "purely speculative."

Last month, ECB President Christine Lagarde concurred that it is "simply too premature" to start discussing any phasing out of PEPP as the coronavirus pandemic continues to pose serious risks to the economic outlook.

Breaking the News / JC