190 days ago • Posted by Jasper Lawler
Quick summary of what the ECB just changed
The European Central Bank on Thursday expanded its massive monetary stimulus program by 500 billion euros ($605 billion). The total size of the PEPP bond buying program is now 1,850 billion euros. The ECB held rates on its main refinancing operations, marginal lending facility and deposit facility at 0.00%, 0.25% and -0.50%, respectively. The central bank launched its Pandemic Emergency Purchase Programme (PEPP) in a bid to shore up the bloc’s economy in the wake of the pandemic.