European Central Bank to review bond purchase program due to pandemic: FT

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European Central Bank to review bond purchase program due to pandemic: FT




File photo. Euro banknotes exhibited at the Croatian National Bank in Zagreb


© Reuters/ANTONIO BRONIC
File photo. Euro banknotes exhibited at the Croatian National Bank in Zagreb


(Reuters) – The European Central Bank will review its emergency bond purchase scheme introduced in response to the coronavirus crisis in March, The Financial Times reported on Sunday, citing two of the ECB’s governing council members.

The questions for the review would be to consider how much longer the Pandemic Emergency Procurement Program (PEPP) should continue and whether any of its extra flexibility should be transferred to previous ECB asset purchase schemes, he said. the newspaper.

The ECB launched this program in March and then increased its size to 1.35 trillion euros ($ 1.60 trillion) in June.

(Reporting by Shubham Kalia; edited by Gabriel Burin)

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