Economy The ECB increases its asset purchase program against the...

The ECB increases its asset purchase program against the pandemic by 500,000 million euros

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In addition, it will keep interest rates and its standard asset purchase program (APP) unchanged, while expanding the number of rounds of the TLTRO-III program with better conditions

 

The European Central Bank (ECB) has decided to raise its extraordinary asset purchase program against the effects of the pandemic (PEPP) by 500,000 million, so that the total amount of the program now reaches 1.85 trillion euros.

In addition, the issuing institute has decided to maintain interest rates unchanged and its standard asset purchase program (APP), while it has expanded the number of rounds of the TLTRO-III program with better conditions.

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