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- ECB's Executive Board member Schnable: We are free to adjust any parameters of PEPP at any point in time if required to fulfill our price stability mandate
ECB's Executive Board member Schnable: We are free to adjust any parameters of PEPP at any point in time if required to fulfill our price stability mandate
- ECB's monthly bond purchases remain flexible and depend on market conditions
- We do not target asset prices
- PEPP was designed to deal with the pandemic and its duration is linked to the pandemic crisis phase
- ECB could adjust tiering multiple if necessary
- Bank profitability is one of the key priorities for our banking supervisors in 2021
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