![]() ![]() "The statements until now including of my colleagues on the Governing Council all suggest that net PEPP purchases will probably expire in March but that PEPP as such will not be done away with but perhaps be put in a waiting room," Holzmann told a news conference. Speaking earlier, Austria's central bank governor and outspoken hawk Robert Holzmann said he would push for a reduction in bond purchases but that PEPP was likely to be "put in a waiting room" to be used again if needed. ![]() "Second, an inappropriate, sharp reduction of purchases would be tantamount to a tightening of the policy stance." "First, the surge in the number of (COVID-19) infections and the renewed introduction of pandemic-related restrictions in some euro area countries mean that the pandemic is not over yet," Panetta said at an event.
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