ECB ups Pepp as data shows focus on Italy, Germany, Spain but not France

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ECB ups Pepp as data shows focus on Italy, Germany, Spain but not France

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Closeup on bank notes. Shallow depth of field with focus in the center of the ECB characters. | Michael Zwahlen/MichaelJBerlin - stock.adobe.com

The ECB published its first release of the data showing its purchases under its Pandemic Emergency Purchase Programme (Pepp) on Tuesday, shortly before adding €600bn to the scheme on Thursday. The central bank revealed that it has bought proportionately much less French government debt than the bonds of Italy, Germany and Spain.

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