Weidman of the European Central Bank supports a step-by-step end to emergency purchases Reuters

FRANKFURT (Reuters)-European Central Bank policymaker Jens Weidman on Monday supported the gradual reduction of emergency bond purchases by the European Central Bank, which will then be completely over when the restrictions on the fight against the pandemic are lifted and the economic recovery is proceeding steadily.

Weidman was one of the first European Central Bank decision makers to publicly discuss the emergency purchase plan (PEPP) to end the pandemic. He stated that the plan should be cancelled after “all notable measures to contain the pandemic” and “the economy recovers.” (Yes) “Sturdy” is over. .

“Because of the uncertainty, we cannot confirm our exit from the monetary policy crisis model long in advance,” Weidman added. “However, in order not to end PEPP suddenly, net purchases can be reduced step by step in advance.”