The European Central Bank on Thursday, as expected, left interest rates unchanged, while further easing conditions for its existing targeted long-term refinancing operations, or TLTROs, and introducing a new program of non-targeted pandemic emergency longer-term refinancing operations, or PELTROs.
The PELTROs consist of seven additional refinancing operations commencing in May 2020 and maturing in a staggered sequence between July and September 2021. The ECB made no changes to the size of its 750 billion euro pandemic emergency purchase program, or PEPP, but said it stood ready to adjust the size or composition of the program if necessary.
Source : Marketwatch
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