ECB’s Holzmann: Would advocate for slowdown of PEPP purchases in Q4 0 (0)

Remarks by ECB policymaker, Robert Holzmann
– ECB in position to think about reducing pandemic aid
– ECB should de-link guidance on rates, APP purchases
– APP does not need same kind of flexibility as PEPP
This was supposed to have come in September but delta variant risks did throw a bit of a curveball to the economic outlook

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Oil down 1% on the day, heads for biggest monthly drop since October last year 0 (0)

Oil back down 1% on the day after a late recovery yesterday
WTI crude looks set for its worst month since October, with the 1% drop so far today adding to the poor August performance. The month has been characterised by a stronger dollar to some extent as well as delta variant concerns, weighing on oil

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