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2020-03-19 12:30:00

EUROPEAN CENTRAL BANK: €750 BLN

EUROPEAN CENTRAL BANK: €750 BLN

ECB18 March 2020The Governing Council decided the following:

(1) To launch a new temporary asset purchase programme of private and public sector securities to counter the serious risks to the monetary policy transmission mechanism and the outlook for the euro area posed by the outbreak and escalating diffusion of the coronavirus, COVID-19.

This new Pandemic Emergency Purchase Programme (PEPP) will have an overall envelope of €750 billion. Purchases will be conducted until…

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