July 13th, 2020
Hello from London! Today’s chart comes ahead of this week’s European Central Bank meeting on Thursday. The €600 billion increase to the size of the Bank’s emergency bond-buying programme - announced on June 4th - has for now put to bed earlier fears of the envelope’s capacity running out at the current pace of purchases. Only over a quarter of the total size of the Pandemic Emergency Purchase Programme’s (PEPP) envelope has been exhausted till now.
Chart and commentary by Ritvik Carvalho
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