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The European Central Bank (ECB) continues to breathe oxygen and money into the European recovery in the midst of a de-escalation after the coronavirus stoppage. The entity chaired by Christine Lagarde has fulfilled the forecasts that investors ventured in recent days by announcing this Thursday a 600,000 million euro increase in the Emergency Procurement Program for Pandemics (PEPP) that it approved at the origin of the pandemic and that it initially endowed with 750,000 million euros. In this way, the total amount rises to 1.35 trillion euros.

The agency has also approved extending the purchases of said program until June 2021 , at least, or until the crisis by Covid-19 ends, instead of the end of this year as it also predicted in its creation.

"The expansion of the PEPP will further facilitate the stance of general monetary policy, supporting the financing conditions of the real economy, especially for companies and households," said the statement released by the entity after the monthly meeting of the Council of Government that was held this Thursday in Frankfurt.

The note also states that the principal payments that are due on the securities acquired under the PEPP will be reinvested at least until the end of 2022 .

At the same time, net purchases will be maintained under the asset purchase program (APP) that the entity had been carrying out before the crisis by Covid-19 and that will continue at a monthly rate of 20,000 million euros, as until now. . "The Governing Council continues to expect that the monthly net asset purchases under the PPP will run for as long as necessary to reinforce the accommodative impact of their interest rates and end shortly before the ECB begins to raise interest rates key, "he says.

Regarding interest rates , once again they remain unchanged. That is, the interest rates of the marginal facility, the credit facility and the deposit facility rate will remain at 0%, 0.25% and -0.50%, respectively

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