ECB to increase asset purchases

European Central Bank, Frankfurt

The European Central Bank is set to increase asset purchases under its Pandemic Emergency Purchase Programme during the second quarter, it announced today (March 11).

“The governing council expects purchases under the PEPP over the next quarter to be conducted at a significantly higher pace than during the first months of this year,” the ECB’s policy statement said.

The ECB’s statement appears to signal that it is reversing the recent decline in its rate of asset purchases under the PEPP. The

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