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BREAKING: ECB boosts PEPP programme by €600 billion

12:51 PM 4 June 2020

European Central Bank left rates unchanged during today's meeting, in-line with market expectations. However, investors were focused primarily on the size of stimulus programmes as it was rumoured the ECB will boost them. These rumours were confirmed as the ECB decided to boost the PEPP programme by €600 billion (exp. €500 billion). Length of the programme was extended to June 2021.

EURUSD recovered from daily loss on the release while DAX and other stock indices leaped higher.

DE30 surged after ECB announced bigger-than-expected increase to PEPP programme. Source: xStation5

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