The PEPP also allows for the purchase of corporate bonds. What is the situation for Greek corporate bonds? Are they included in the PEPP? Can they be included in the future? In principle, non-financial corporate bonds issued in any euro area country, including Greece, can be included in the PEPP if they meet the relevant eligibility requirements, including the minimum rating threshold.
These asset purchases, which had the additional effect of substantially increasing the reserves that depository institutions hold with the Federal Reserve Banks, have helped lower interest rates and spreads in the mortgage market and other key credit markets, thereby promoting economic growth.