ECB’s Kažimír signals bank may not necessarily raise APP bond purchases, EUR/USD rises

European Central Bank member Peter Kažimír has said that the bank may not necessarily increase bond-buying via the APP program. Kažimír, who is also the Governor of the Bank of Slovakia, has referred to an old purchase program which is set to continue running when the emergency PEPP scheme concludes.

EUR/USD has responded positively to these comments, edging closer to 1.17 and countering broad dollar strength. 

Earlier in September, ECB President Christine Lagarde signaled that a reduction in PEPP buying should not be considered tapering.

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