European Central Bank to review bond purchases, report says

The European Central Bank (ECB) will review its emergency bond purchase scheme that was introduced in response to the coronavirus crisis in March, the Financial Times reported on Sunday, citing two of ECB’s governing council members, Reuters reports

The questions for the review would be to consider how long the Pandemic Emergency Purchase Programme (PEPP) should continue and whether some of its extra flexibility should be transferred to the ECB’s longer running asset-purchase schemes, the newspaper added, citing the members.

The ECB launched this scheme in March and then later increased its size to 1.35 trillion euros (US$1.60 trillion) in June.