|Author (Corporate)||European Central Bank|
|Series Title||Press Release|
The Governing Council of the European Central Bank (ECB) announced on 18 March 2020 the launch of the Pandemic Emergency Purchase Programme (PEPP), a temporary asset purchase programme of private and public sector securities to counter the risks to the monetary policy transmission mechanism and the outlook for the Eurozone posed by the coronavirus outbreak and related crisis.
The PEPP is to have an overall envelope of €750 billion. Purchases are to be conducted until the end of 2020 and are to include all the asset categories eligible under the existing asset purchase programme (APP). The Governing Council is to terminate net asset purchases under PEPP once it judges that the COVID-19 crisis is over, but in any case not before the end of 2020.
|Subject Categories||Economic and Financial Affairs|
|Subject Tags||Monetary Affairs|
|International Organisations||European Union [EU]|