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ECB's Lane says early to discuss end of emergency bond buys: Bloomberg TV

Published 06/17/2021, 03:18 AM
Updated 06/17/2021, 03:21 AM
© Reuters. FILE PHOTO: Executive Board member of the European Central Bank Philip Lane attends the Fortune Global Forum in Paris, France, November 18, 2019. REUTERS/Gonzalo Fuentes/File Photo

FRANKFURT (Reuters) - It is still premature and unnecessary to discuss the end of the European Central Bank's emergency bond purchases, ECB chief economist Philip Lane said on Thursday, adding a lot of data is still missing before an important policy meeting in September.

© Reuters. FILE PHOTO: Executive Board member of the European Central Bank Philip Lane attends the Fortune Global Forum in Paris, France, November 18, 2019. REUTERS/Gonzalo Fuentes/File Photo

Speaking on Bloomberg TV, Lane also said that the ECB does not have a fixed-volume approach to purchases under its 1.85 trillion euro Pandemic Emergency Purchased Programme.

The ECB last week decided to maintain an elevated level of bond buys but kept its formulation ambiguous enough to allow for some fluctuation.

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