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- ECB's chief economist Lane: Too early to discuss end of PEPP in September policy meeting, but discussion should take place in autumn
ECB's chief economist Lane: Too early to discuss end of PEPP in September policy meeting, but discussion should take place in autumn
- Any adjustment to pace of PEPP purchases in September subordinated to commitment for favourable financing conditions
- Markets don't need long notice before end of PEPP as QE will continue via APP
- ECB committed to favourable financing conditions at least through March next year
- Not seeing big wage rise, so no change to view that inflation is transient
- Euro area growth this year broadly in-line with June projections
- Delta variant impact on euro area economy limited given high vaccination rate
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