Lagarde: ECB fully ready to increase PEPP

Lagarde: ECB fully ready to increase PEPP
# 30 April 2020 22:58 (UTC +04:00)

European Central Bank President Christine Lagarde said on Thursday that the bank is ready to increase the pandemic emergency purchase programme (PEPP), currently worth €750 billion, APA reports citing Tele Trader. 

The ECB is prepared to adjust the PEPP's "composition, by as much as necessary and for as long as needed," Lagarde said. "Depending on the length of the crisis, it may be expanded beyond the end of 2020," she added.

"We are fully committed to doing everything our mandate allows to support liquidity and funding conditions," ECB's president underlined, praising the PEPP as "exceptional."

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