ECB's de Guindos: Confident that bond buying will continue throughout 2022

Remarks by ECB vice president, Luis de Guindos

• But beyond next year, "I do not know"
• Any rate increase will only come "shortly after" QE ends

His remarks is consistent with the messaging that the ECB does not see any rate increases on the horizon for next year. While PEPP is set to end in March, expect the ECB to "transfer" the flexibility via increasing APP purchases thereafter.