Christine Lagarde ECB update

Highlights:


"We will continue our purchases under the pandemic emergency purchase programme (PEPP) with a total envelope of €1,850 billion. We will conduct net asset purchases under the PEPP until at least the end of March 2022 and, in any case, until the Governing Council judges that the coronavirus crisis phase is over."


"We will continue to reinvest the principal payments from maturing securities purchased under the PEPP until at least the end of 2023. In any case, the future roll-off of the PEPP portfolio will be managed to avoid interference with the appropriate monetary policy stance."


"However, it will take time until widespread immunity is achieved, and further adverse developments related to the pandemic cannot be ruled out" - translation - they can create and use any new strain as and when required.


"The Governing Council recognises the key role of the Next Generation EU package and stresses the importance of it becoming operational without delay. It calls on Member States to accelerate the ratification process, to finalise their recovery and resilience plans promptly and to deploy the funds for productive public spending, accompanied by productivity-enhancing structural policies. This would allow the Next Generation EU programme to contribute to a faster, stronger and more uniform recovery and would increase economic resilience and the growth potential of Member States’ economies, thereby supporting the effectiveness of monetary policy in the euro area. Such structural policies are particularly important in addressing long-standing structural and institutional weaknesses and in accelerating the green and digital transitions. "


So, Europe can expect to be in some of form restrictions until at least 2023 - but do not get your hopes up. The West will be under restrictions for at least until 2030 because they are changing the global economy to centralise all power. They have their built in reasons - new viruses and climate change, the rhetoric of which, will only increase. Until they have achieved their great reset/ stakeholder economy/ technocracy and digital/ green transition, we will have no liberties or rights. We've been told this, so don't be surprised. By all means, you can join me and reject it, or you can just follow your new Gods unquestioningly. It's your choice.

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Source


Christine Lagarde ECB speech - https://www.bis.org/review/r210121c.pdf