ECB minutes reveal resistance to lifting self-imposed limits on PEPP
Some governing council members did not deem new programme necessary
The minutes of the European Central Bank’s emergency meeting on March 18 reveal disagreements among policy-makers about setting up a new purchase programme.
The meeting’s account, published today (April 9) also shows some members of the governing council were against lifting self-imposed limits on the new Pandemic Emergency Purchase Programme (PEPP).
Eventually, the proposals championed by ECB chief economist Philip Lane garnered enough support. Following the meeting, the ECB unveiled a new
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