Slowing pace of PEPP purchases ‘premature’ says Lagarde

By Burhan Khadbai
22 Apr 2021

At the press conference following the European Central Bank’s Governing Council meeting on Thursday, Christine Lagarde, the president of the ECB, said it was too early to consider gradually winding down the Pandemic Emergency Purchase Programme.

Lagarde said the ECB’s Governing Council “did not discuss any phasing out of PEPP” during Thursday’s meeting “because it was simply premature”.

She said a reduction in PEPP purchases was “data dependent” on the inflation outlook and financing conditions of the eurozone.

Lagarde said that while “there are ...

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