At the same time, with a view to lowering risk premia of asset prices in an appropriate manner, the Bank  9  announced that it might increase or decrease the amount of purchases depending on market conditions. By allowing for some elasticity in the monetary policy framework, the Bank can respond flexibly to some extent to developments in financial markets.
The lending performance https://www.ecb.europa.eu/press/key/date/2020/html/ecb.sp201006~e1d38a1ccc.en.html  5/12  07/10/2020  The ECB’s monetary policy in the pandemic: meeting the challenge  for the temporary rate reduction of TLTROs is targeted towards the pandemic period. The ECB reconfirmed its forward guidance on the path of policy interest rates and the APP throughout this period.