Lagarde Says ECB Didn't Discuss Phasing Out Crisis Stimulus

The Governing Council did not discuss phasing out the PEP as it is premature. The pace of purchase under the PEP is data-dependent, not based on a calendar. The Council is committed to maintaining favorable financing conditions and assesses these alongside the inflation outlook. The combination of these factors determines the purchase pace. Future assessments will occur in June, but any phasing out remains premature.

What was not discussed regarding the PEP during the Governing Council meeting?

How is the pace of purchase under the PEP determined?

What factors are considered in the joint assessment of financing conditions?

When will the next assessment of the pace of purchase occur?

Why is the discussion of phasing out the PEP considered premature?