ECB's Wunsch calls for PEPP to end in December - Breaking The News

ECB's Wunsch calls for PEPP to end in December

20 October

1 min read

EPA-EFE/RONALD WITTEK

Member of the European Central Bank's Governing and General Councils, Pierre Wunsch, said on Wednesday that the ECB's Pandemic Emergency Purchase Program (PEPP) should be terminated in December.

Speaking to WirtschaftsWoche in an interview, the National Bank of Belgium governor specified that economic data indicators show that the Eurozone GDP and inflation "have developed better than we thought when the program was launched" and that the ECB should "continuously check" if the monetary policy measures it is "using are still proportionate."

He also warned that "continued expansionary monetary policy has negative side effects that increase over time," adding that he would support "a gradual exit" from the existing easy monetary policy stance.

ecb wunsch

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