ECB QE Monitor - April 2020

Tuesday 19 May 2020

Research / Market

ECB programs: €1,110bn of purchasing power in 2020, or around €110bn / month by the end of the year.

  • APP (Asset Purchase Programme): €20bn euros per month and a temporary envelope of €120bn euros spread over March-December (remaining: €70.4bn).
  • PEPP (Pandemic Emergency Purchase Programme): €750bn spread over April-December (remaining: €631.2bn).
  • Sovereign (PEPP and CSPP): net purchases will be around €90bn/month up to end of the year.
  • Corporate (PEPP and CSPP): net purchases will be around €10bn/month up to end of the year...

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