Panetta: ECB Could Expand Bond Purchases

The European Central Bank (ECB) could be ready to expand its emergency bond-buying program if necessary, according to ECB Board member Fabio Panetta.

“The PEPP envelope can be further expanded and extended if warranted by the inflation outlook.”

“And we stand ready to adjust all our instruments if downside risks to the outlook materialize, including those stemming from exchange rate dynamics.”

“Achieving growth rates that remain higher than interest rates will be crucial.”