ECB's Lagarde: PEPP extremely efficient, helpful

Eren Sengezer FXStreet

The European Central Bank's (ECB) Pandemic Emergency Purchase Programme (PEPP) has been extremely efficient and helpful, Christine Lagarde, President of the ECB, told the EU Committee on Economic and Monetary Affairs, as reported by Reuters.

Additional takeaways

"No significant negative side effects from PEPP."

"Not complacent about being under inflation target."

"Always prepared to deliver on out mandate."

"Will be very attentive to all incoming info."

Market reaction

The EUR/USD pair largely ignored these comments and was last seen gaining 0.38% on a daily basis at 1.1675.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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