Lane stresses inflation will determine ECB’s PEPP purchases

Philip Lane
Philip Lane

The evolution of inflation will be the key determinant of the size of the Pandemic Emergency Purchase Programme (PEPP), says European Central Bank chief economist Philip Lane.

In a blogpost on the central bank website published today (August 4), Lane points out “the overall envelope of PEPP purchases is a core determinant of the ECB’s overall monetary stance” and “the inflation outlook plays the central role in determining the appropriate monetary stance”.

Last week, the Greek governor Yannis

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: