Central Banks

Comments by ECB chief economist, Philip Lane

  • Overall PEPP envelope is a core determinant of ECB’s policy stance
  • There is some rebound in economic activity
  • But level of economic slack remains extraordinarily high
  • The outlook remains highly uncertain
  • Inflation outlook plays the central role in determining appropriate policy stance

Nothing that really stands out from Lane in the grand scheme of things. This just reaffirms that the ECB will stay committed to deliver on the full PEPP envelope – at the very least – by the middle of next year.

He is commenting on the macroeconomic impact of the coronavirus pandemic and the policy response by the ECB. The blog post can be found here.
For bank trade ideas, check out eFX Plus

Source link

Articles You May Like

Live Forex Trading – NY Session 13th January 2021
Professional Forex Trading Course For Beginners | DAY 1 FREE – Forex Trading Training
AMAZING Zone to Zone Forex Scalping Strategy
3 Methods Of Using Fractals In Forex Trading (Improve Your Trading In 2021)
EURUSD trades at new lows and lowest level since December 10

Leave a Reply

Your email address will not be published. Required fields are marked *