On Thursday 4 June, the Governing Council of the European Central Bank (ECB) is expected to discuss the need to step up its PEPP operation to repurchase massive amounts of public debt from euro area countries, launched in mid-March to ensure financial stability in response to the Covid-19 pandemic (see EUROPE B12450A6).
According to the initial figures unveiled by the monetary institute, the ECB had bought back €234.7 billion of sovereign securities on the secondary markets by 29 May, i.e....