ECB adds crucial tweak that could limit PEPP purchases

Christine Lagarde, ECB president
European Central Bank president Christine Lagarde
Photo: European Central Bank

The European Central Bank’s Governing Council added a tweak to its approach to bond purchases on December 10, which could prove crucial in 2021.

President Christine Lagarde’s introductory statement announced a €500 billion ($605.6 billion) increase to the Pandemic Emergency Purchase Programme (PEPP), taking the total to €1.85 trillion. Net purchases were also prolonged by nine months to March 2022. However, the ECB added a new sentence to the statement, indicating this increase may never be

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 info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

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

.