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ECB’s de Guindos: Will decide on PEPP alternatives in December, if needed

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Further remarks by ECB vice president, Luis de Guindos

  • Monetary policy will remain accommodative but the goal is price stability
  • If economic activity normalises, PEPP will have accomplished its mission

He also adds that the central bank is expecting supply bottlenecks to ease but is wary that they must avoid a second-round of effects stemming from the issue i.e. risks associated with more persistent inflation or stagflation per se.

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