ECB launches €750bn emergency purchase programme

ECB + bridge

The European Central Bank unveiled an emergency asset purchase programme to tackle the effects of the Covid-19 crisis after an extraordinary meeting of its governing council on March 18.

The new Pandemic Emergency Purchase Programme (PEPP) will have a €750 billion ($810 billion) envelope through which the Eurosystem will carry out net purchases of sovereign and corporate assets until the end of 2020.

Although the PEPP is temporary, the statement says the governing council will only “terminate

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: