Pepp data shows ECB still standing with periphery

By Lewis McLellan
04 Aug 2020

The ECB has released the data breaking down the purchases it has made under the Pandemic Emergency Purchase Programme in June and July, revealing that it is still providing substantial support to the eurozone periphery.

The ECB bought €184bn of eurozone government bonds in June and July, as well as €14bn of supranational bonds, taking the programme’s public sector holdings to €384bn, or 87% of the Pepp’s total holdings.

Unlike the bank’s other programmes, the Pepp is free to deviate from its capital ...

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