Bloomberg reports that Pierre Wunsch, the Governing Council member, said that the European Central Bank has a good track record when it comes to flexibly deploying its monetary instruments and will continue that approach even after the pandemic crisis.
Wunsch also said that the central bank will maintain a “very supportive monetary policy,” even after the end of its emergency bond-buying program in March.
With policy makers approaching key decisions on post-Covid stimulus in coming weeks, the comments hint at his support for keeping some of the flexibility of the ECB’s pandemic program for future asset purchases.
That chimes with remarks this week from his French colleague Francois Villeroy de Galhau, who said it would be worth examining keeping some attributes of the Pandemic Emergency Purchase Program.