Commenting on the emergency stimulus, the European Central Bank (ECB) executive board member Isabel Schnabel said on Tuesday, “it remains plausible to stop Pandemic Emergency Purchase Program (PEPP) purchases in March next year.”
Additional quotes
“It is critical to maintaining flexibility during the transition period.”
“Inflation risks are skewed towards the upside.”
“The rate and extent of the fall in inflation are increasingly harder to determine.”
“It is possible that inflation may fall below 2% target in the medium-term.”
Market reaction
EUR/USD was last seen changing hands at 1.1241, up 0.08% on the day.
