The European Central Bank is ready to boost its pandemic bond buying, if needed, to support the single currency economy amid risks, including the adverse effect from a strong euro on inflation, ECB Executive Board member Fabio Panetta said Monday. Last Thursday, the ECB unveiled a slew of stimulus to support the economy amid the coronavirus crisis, the main measures being an increase in the provision for asset purchases under the pandemic emergency purchase programme, or PEPP, and more favorable conditions for targeted loans to banks to boost lending to the real economy.
The bank increased the size of asset purchases under PEPP by EUR 500 billion to a total of EUR 1,850 billion. The purchase horizon was extended to at least the end of March 2022.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.