Therefore, based on the joint assessment of financing conditions and the inflation outlook, the Governing Council announced that it expects purchases under the PEPP over the second quarter of 2021 to be conducted at a significantly higher pace than during the first months of the year.
Europe’s response to the coronavirus (COVID-19) shock In the light of the economic fallout from the resurgence of the pandemic, it is absolutely crucial for monetary and fiscal policies to continue complementing each other in supporting the euro area economy. Europe’s policy response to the pandemic has been swift, decisive and unprecedented, both at the national and EU levels.