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Weidmann (ECB) talks about the normalization of monetary policy in 2022

BERLIN (Reuters) – Jens Weidmann, a member of the Governing Council of the European Central Bank, told German business daily Handelsblatt that the bond purchases made by the ECB as part of its emergency program faced pandemic (PEPP) should end soon and that the conditions for normalization of monetary policy could be met in 2022.

“When the emergency for which the PEPP was created has passed, it will have to stop,” he said, according to statements reported by the newspaper.

He added that a solid economic recovery and the end of measures taken to curb the pandemic were two prerequisites for the normalization of monetary policy and that they could be met next year, the article said.

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