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- ECB's Governing Council member Weidmann: Preconditions for ending net PEPP are that all major restrictions are lifted and the recovery is solid
ECB's Governing Council member Weidmann: Preconditions for ending net PEPP are that all major restrictions are lifted and the recovery is solid
- Immediate corona-related measures should then be reduced in both fiscal and monetary policy
- He'd like to discuss when emergency ends from a monetary policy point of view
- Net PEPP could be reduced step by step in advance; this will then show whether the envelope is used up
- Coming year would not be crisis year if assumptions about pandemic are confirmed
- Financing conditions still cheap
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