ECB's Holzmann: PEPP will end when emergency is over

The European Central Bank's (ECB) Pandemic Emergency Purchase Programme (PEPP) will end when the emergency is over, ECB policymaker Robert Holzmann said on Monday, as reported by Reuters.

Additional takeaways

"We are not seeing yet the end of the emergency."

"We will have a better view on PEPP in September."

"Asset Purchase Programme (APP) can continue, either changed or unchanged."

"The market has the right assessment on outlook for PEPP and APP."

Market reaction

These comments don't seem to be having a noticeable impact on the shared currency's performance against its major rivals. As of writing, the EUR/USD pair was unchanged on the day at 1.1932.