ECB's Mersch: It will probably be difficult to maintain positive growth going into Q4

Comments by ECB policymaker, Yves Mersch
– Although Germany might achieve it
– Consequences of pandemic probably have a longer duration than foreseen when we took the latest calibration decisions in the summer
Nothing really new from Mersch, as his 'calibration' comments are largely in relation to extending PEPP stimulus – which is expected next month.