European Official: Increasing The Pace of Bond Purchases Still on The Table

The European Central Bank chief economist, Philippe Lin, told a French newspaper that the European Central Bank could still increase bond purchases at its June meeting if such a step is needed to maintain favorable borrowing conditions.

He also added that unemployment is not expected to return to its pre-pandemic level before 2023, a long process that requires a “sustained effort” from both the European Central Bank and governments.

“We can increase or decrease our purchases depending on what is necessary to maintain favorable financing conditions,” Le Monde quoted Lin as saying Monday. Our overall commitment is to maintain favorable financing conditions. ”