Home Finance & Banking Lagarde: The PEPP program could be extended beyond 2020

Lagarde: The PEPP program could be extended beyond 2020

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The European Central Bank's emergency program to deal with the coronavirus pandemic (PEPP), through mass debt purchases, could be extended beyond the end of 2020, announced the President of the Institution, Christine Lagarde.

"The € 750 billion scheme, launched in March to quell the economic shock caused by the coronavirus pandemic, will continue until the ECB ensures that the coronavirus crisis is over and, by the end of the year," Lagarde said , during a virtual press conference.

"PEPP is the best tool we have to fight the economic shock caused by the coronavirus," she added.

In this context, the ECB is ready to review the composition of the PEPP, ie the distribution of repurchases of public or private debt purchased by the ECB, as well as its size, for as long as necessary and sufficient.

 

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