ECB’s Schnabel: Likely that PEPP envelope will be used in full

The European Central Bank (ECB) Executive Board Member Isabel Schnabel said on Tuesday, as long as we remain in the baseline scenario of our projections, the pandemic emergency purchase programme (PEPP) likely envelope will be used in full.

Further comments

“There is no urgency to discuss adding fallen angels to asset purchases.”

“But ECB is of course, aware of the risks.”