ECB’s de Guindos: We may start thinking to phase out stimulus if vaccinations, economy speeds up

ECB vice president, Luis de Guindos, remarks to La Repubblica

Luis de Guindos
  • The normalisation of monetary policy should go hand in hand with the normalisation of the economy
  • If vaccinations speed up and 70% of Europe’s adult population is vaccinated by summer as economy gathers speed, can start to think about phasing out emergency mode on the monetary policy side of things

Despite pledging “significant” increases to PEPP purchases this quarter, the ECB has done more tapering talk rather than actually walking the walk when it comes to the former. Source

Leave a Reply

Your email address will not be published.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