“There was broad consensus that PEPP purchases should take into account the assessment of current financing conditions and the outlook on inflation.” So we read in the minutes of the European Central Bank relating to the last meeting of the Governing Council of the ECB, which was held on 10 and 11 March.
“There was a broad consensus – reads the minutes – also on the fact that the overall endowment of the PEPP should not have been questioned in the current conditions and that the pace of purchases could have been reduced in the future”.
Furthermore, “the representatives agreed that the Governing Council (of the ECB) will launch joint quarterly assessments on the financing conditions and the inflation outlook, in order to determine the pace of purchases necessary to maintain favorable financing conditions “.