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The ECB inflates to $ 600 billion to its program of repurchase of debt

The european central Bank (ECB) has again taken out the major ways to support the euro zone economy in the face of the crisis of the sars coronavirus. She decided to strengthen and extend its senior emergency programme, but also to keep its main interest rate to zero.

read also : ECB: Lagarde "not too worried" a new crisis of the euro

The program of redemption of public debt and private "PEPP", introduced in mid-march with an initial financial envelope of € 750 billion, sees it rise to 600 billion euros and has now been extended until "at least the end of June 2021, against the end of 2020 initially.

This bazooka is unprecedented, which was to end in December, has also been extended until June 2021. "The expansion of the PEPP provides a more flexible, more general orientation of monetary policy, thereby supporting financing conditions in the real economy, especially for businesses and households," says the ECB in a press release. This program, which was the main weapon anti-crisis institute to the pandemic, has been confirmed at a rate of 20 billion euros per month, in addition to 120 billion euros foreseen in 2020.

SEE ALSO How long will the economic crisis

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