ECB considers not using €1.8 trillion pandemic stimulus in full
The ECB said on Thursday (21 January) that it would not use its €1,850 trillion pandemic bond-buying programme in full if governments and companies can be financed in favourable conditions, signalling a possible tightening of its monetary stimulus in the future.
But ECB President, Christine Lagarde, told reporters after the meeting in her opening remarks, that “if favourable financing conditions can be maintained with asset purchase flows that do not exhaust the envelope over the net purchase horizon of the PEPP, the envelope need not be used in full.”
“Equally, the envelope can be recalibrated if required to maintain favourable financing conditions to help counter the negative pandemic shock to the path of inflation,” said Lagarde.
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Por: Jorge Valero
Fonte: EurActiv, em 21 de Janeiro de 2021
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