The Governing Council of the European Central Bank (ECB) confirmed, on Thursday 28 October, its September decision to slow down the pace of massive purchases of securities - mainly public sector securities - in the framework of the PEPP (see EUROPE B12787A1).
“We continue to judge that favourable financing conditions can be maintained with a moderately lower pace of net asset purchases under the pandemic emergency purchase programme (PEPP)than in the second and third quarters of this...