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Market news

8 April 2021

ECB's president Lagarde: PEPP envelope can be recalibrated if required to maintain favourable financing conditions

  • Pandemic and related containment measures will continue to adversely affect euro area economic activity in short term
  • Beyond the short term, activity should pick up
  • Overall, risks surrounding euro area growth outlook have become more balanced, although downside risks associated with pandemic remain in near term
  • Headline inflation likely to increase further in the coming months, but temporary factors are expected to fade out of annual inflation rates early next year
  • PEPP envelope need not be used in full if favourable financing conditions can be maintained with a flow of asset purchases that does not exhaust the envelope by the envisaged end of PEPP’s net purchase phase
  • It is absolutely crucial for monetary and fiscal policies to continue complementing each other in supporting euro area economy

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.42% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.