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Recovery will be 'modest' says ECB

Central bank launches pandemic purchase programme

Redazione Ansa

(ANSA) - Rome, March 26 - The eventual recovery form the coronavirus-induced recession will "only be modest", the European Central Bank said in its weekly bulletin Thursday.
    The ECB launched its Pandemic Emergency Purchase Programme, (PEPP) saying the Eurosystem will not bear a risk placed by the transmission of monetary policy in all the jurisdictions of the eurozone".
   

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