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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