10/1, 10:14 AM (Source: TeleTrader)
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ECB's De Cos: Certain slowdown seen in August data

Bank of Spain Governor and European Central Bank (ECB) policymaker Pablo Hernandez de Cos (pictured), said on Thursday that "certain" economic slowdown can be seen in August data.

Speaking at an online event, de Cos also noted that the ECB's Pandemic Emergency Purchase Programme (PEPP) will have a crucial impact on the GDP figures and prices, adding that it is key to keep PEPP flexible.

The ECB should maintain significant stimulus levels up to the point when full recovery from the coronavirus-caused crisis is reached, the economist underlined.

Breaking the News / MS