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A: PEPP has a dual function. First to address...>

ECB
ECB: A: PEPP has a dual function. First to address risk of market fragmentation.
Second is to ease monetary policy stance as a result of the contraction caused
by Covid-19. Another key element of PEPP is its flexibility. The ECB will make
use of this flexibility - most recently the purchase rate has slowed as
financial conditions have improved. The overall envelope and the horizon of PEPP
were calibrated to meet both functions. Unless there was significant upside
surprises, the baseline remains that the entire envelope will be used. If there
was significant upside, the ECB shall see. 

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