(Bloomberg) — President Christine Lagarde stated the the dimensions of further emergency bond purchases will rely upon the financial scenario and the financial institution might not use the entire expanded program.
“If favorable financing situations may be maintained with buy flows that don’t exhaust the envelope over the web buy horizon of the PEPP, the envelope needn’t be utilized in full,” Lagarde stated Thursday. “Equally, the envelope may be recalibrated if required to take care of favorable financing situations to assist counter the damaging pandemic shock to the trail of inflation.”
The feedback got here after the ECB stated it should increase the emergency bond program by 500 billion euros ($605 billion) and lengthen it by 9 months.
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