The bank will also reinvest the proceeds of any PEPP holdings that mature until 2022, a move that will marginally sustain and prolong the stimulus effect.
The U.S. dollar was down on Wednesday morning in Asia after increasing optimism over a global economic recovery from COVID-19 increased investor risk appetite.
The European Commission has proposed temporary relief from some bank capital rules to avoid lending being crimped as the economy heads for a deep recession.
The European Commission has proposed temporary relief from some bank capital rules to avoid lending being crimped as the economy heads for a deep recession.