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Lagarde: Faster Pace Of PEPP Purchases Will Continue

ECB

Q: Are financing conditions as favourable as the GB would like to be? Second question concerns NextGenerationEU rescue plan.

  • A: PEPP purchase rate decision in March was taken to preserve favourable financing conditions. This was implemented on 16th March and we have continued to do so without wavering. There has been a significant increase in the pace of purchases, and this will continue.
  • Re NextGenEU: NGEU is in the fiscal domain. We complement each other and we are not substitutes.

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