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ECB to step up emergency program

2021-03-11T20:13:42.121Z


The amount of debt buybacks will increase to provide reassurance in the face of rising rates. Little worried about inflation, the European Central Bank (ECB) intends above all to calm the nervousness of the markets in the face of rising bond rates. She announced Thursday her decision to accelerate its emergency debt purchase program. Launched a year ago in response to the Covid-19 pandemic, this program, PEPP, of 1,850 billion euros, has so far only been used for half of its amount. "The b


Little worried about inflation, the European Central Bank (ECB) intends above all to calm the nervousness of the markets in the face of rising bond rates.

She announced Thursday her decision to accelerate its emergency debt purchase program.

Launched a year ago in response to the Covid-19 pandemic, this program, PEPP, of 1,850 billion euros, has so far only been used for half of its amount.

"The buybacks during the next quarter will be carried out at a much higher rate than during the first months of this year"

, indicated the president, Christine Lagarde, at the end of the board of governors.

Read also:

The ECB, stuck between a sluggish economic recovery and the rise in bond rates

She insisted on the flexibility of this program and on the ECB's desire to preserve favorable financing conditions in the euro zone.

In terms of economic growth, the ECB left

"broadly unchanged

es

»

Thursday its forecast.

Christine Lagarde indeed considers

“more balanced”

the

“risks”

for the economy linked to the health crisis.

GDP should

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Source: lefigaro

All news articles on 2021-03-11

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