ecb minutes, 2021-09-08
While a substantially lower pace of purchases under the PEPP than had been implemented in recent months could risk an unwarranted tightening in market interest rates (with associated currency appreciation) that would be inconsistent with countering the downward impact of the pandemic on the projected path of inflation, a pace of net purchases that was moderately lower was the proportionate measure that, at the current juncture, could “lock in” the amount of monetary accommodation that was still necessary.
Sentiment: neutral
Topic: mp_inflation