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ECB says bought 37.4 bln euros of Italian debt in initial 2 months of PEPP
ECB SAYS BOUGHT 37.4 BLN EUROS OF ITALIAN DEBT IN INITIAL 2 MONTHS OF PEPP
— Breaking Market News (@breakingmkts) June 2, 2020
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ECB PEPP Purchases
— DailyFX Team Live (@DailyFXTeam) June 2, 2020
- EUR 46.7bln in German Bonds
- EUR 37.3bln in Italian Bonds pic.twitter.com/rx9LlwyOB4
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Pandemic emergency purchase programme (PEPP)
The ECB’s pandemic emergency purchase programme (PEPP) is a non-standard monetary policy measure initiated in March 2020 to counter the serious risks to the monetary policy transmission mechanism and the outlook for the euro area posed by the coronavirus (COVID-19) outbreak. The PEPP is a temporary asset purchase programme of private and public sector securities, which has an overall envelope of €750 billion. All asset categories eligible under the existing asset purchase programme (APP) are also eligible under the new programme. Under the PEPP, a waiver of the eligibility requirements will be granted for ... (full story)
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