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ECB: PEPP likely to remain main instrument in Dec stimuluys package - sources
#ECB POLICYMAKERS DEBATING WHETHER TO CHANNEL PART OF UPCOMING STIMULUS VIA APP -SOURCES - RTRS
— Christophe Barraud (@C_Barraud) November 3, 2020
*PEPP LIKELY TO REMAIN MAIN INSTRUMENT IN DEC STIMULUS PACKAGE - SOURCES
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#ECB's Schnabel out too - We could cut rates further without reaching point where it is no longer effective or damaging:$EUR
— ForexFlow (@forexflowlive) November 3, 2020
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ECB may cut support for indebted countries in nudge towards EU loans
The European Central Bank could offer less generous support for indebted governments when it puts together a further stimulus package next month, to push them to apply for European Union loans tied to productive investments, sources told Reuters. The ECB promised last week to introduce more measures in December to help euro zone countries cope with the second wave of the coronavirus pandemic, including new lockdowns that will curtail economic activity. The four sources who spoke to Reuters said policymakers were debating whether the ECB should extend its Pandemic Emergency Purchase Programme (PEPP), which gives it ... (full story)