Altcoins Talks - Cryptocurrency Forum
Further Discussions => Banks & Cryptos => Topic started by: Tanimariya on March 11, 2021, 05:57:09 PM
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The overall program's size was left intact, along with the March 2022 end date, but the pace of stimulus is now set to increase.
The European Central Bank (ECB) said Thursday it would “significantly” accelerate a plan to buy as much as €1.85 trillion (US$2.2 trillion) of government bonds, addressing concerns that a recent tightening of financial conditions, in the form of rising market yields, might derail the region’s economic recovery.
The accelerated bond purchases will come under the central bank’s Pandemic Emergency Purchase Program (PEPP), a monetary-stimulus effort similar to the Federal Reserve’s “quantitative easing” asset purchases in the U.S. The PEPP is set to end in March 2022, but the pace of the bond purchases will now accelerate, according to a press release from the ECB.
More (https://www.coindesk.com/ecb-decision-pepp-largarde-premature-tightening)