No Need Now for ECB to Boost Legacy Bond Purchase Scheme: Muller

No Need Now for ECB to Boost Legacy Bond Purchase Scheme: Muller
The headquarters of the European Central Bank (ECB) in Frankfurt, Germany, on March 12, 2016. Kai Pfaffenbach/Reuters
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FRANKFURT—Euro zone inflation could exceed the European Central Bank’s forecast in the long term, so there is no reason now to boost a legacy bond purchase programme when an emergency scheme ends next March, ECB policymaker Madis Muller said.

The ECB is debating life after the 1.85 trillion euro ($2.08 trillion) Pandemic Emergency Purchase Programme expires.