ECB’s Lagarde: PEPP Was Targeted to be Temporary, Exceptional

The European Central Bank (ECB) President Christine Lagarde added to her earlier comments and said that PEPP was targeted to be temporary, exceptional. Lagarde was speaking at the ECON Committee of the European Parliament (by videoconference).

By definition ECB won’t go bankrupt or run out of money.

ECB is extremely attentive to TLTRO supporting economy.