© Reuters. ECB headquarters in Frankfurt
(Reuters) – The European Central Bank (ECB) will review its emergency bond purchase scheme that was introduced in response to the coronavirus crisis in March, the Financial Times reported on Sunday, citing two of ECB’s governing council members.
The questions for the review would be to consider how long the Pandemic Emergency Purchase Programme (PEPP) should continue and whether some of its extra flexibility should be transferred to the ECB’s longer running asset-purchase schemes, the newspaper added, citing the members.
The ECB launched this scheme in March and then later increased its size to 1.35 trillion euros ($1.60 trillion) in June.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Credit: Source link