According to Finland's central bank chief Olli Rehn, the European Central Bank (ECB) will probably advise in September about turning away from the trillion-dollar Corona crisis aid.

"It is likely that at some point, my assumption is September, we will discuss the way forward," said the Governing Council member on Tuesday.

In doing so, Rehn has its eye on the extensive PEPP bond purchase program.

This is one of the most important weapons used by the monetary authorities in the fight against the consequences of the corona pandemic.

At the moment, however, it is also important to be on the safe side, said Rehn.

It is important to ensure favorable financing conditions also in the future.

Rehn added that the PEPP program, which is set to total EUR 1.85 trillion, will run until at least the end of March 2022.

At its interest rate meeting on Thursday, the ECB decided to stick to its ultra-loose course for the time being, despite the weakening pandemic and rising inflation figures.

The Euro-W├Ąchter decided that the bond purchases as part of the PEPP should also be significantly more extensive in the next quarter than at the start of the year.