ECB Preview: Lagarde expected to go again to the PEPP well
The ECB is expected to catch-up with other central banks around the world when it announces an increase in its emergency QE programme (PEPP) by €500bn, which will be accompanied by a longer implementation period until mid-2021. Will this be enough to appease markets who are hopeful that the ECB measures plus the EU Recovery Fund have averted the next existential crisis?
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