Claim your one month free trial for access to our premium content.



By Caroline Grady 04-06-2020
In: hive-exclusives | Economics Monetary Policy & Inflation

ECB Delivers By Upsizing PEPP

(2 min read)
Resize text:


Today’s increase in the size of the ECB’s pandemic emergency purchase programme (PEPP) adds another layer to Europe’s response to the COVID crisis. This comes on top of additional and significant fiscal stimulus in Germany and the earlier proposal for coordinated support via an EU Recovery Fund.

An above consensus EUR600bn increase in PEPP brings the total package to EUR1350bn with the programme now set to run until June 2021. Expectations on the extension of the PEPP timeframe were more varied and the stated rationale for June was to allow for greater visibility on the inflation outlook.

TO READ THIS HIVE EXCLUSIVE
SUBSCRIBE TO MACRO HIVE PRIME

£39/month thereafter