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2020/05/29 / Erste Group Research

Week ahead | ECB and European Commission fight the crisis

The ECB’s Governing Council is to meet next week. We expect the PEPP purchasing program to be increased by EUR 500bn. While the Governing Council is under no pressure to make this decision, the ECB economists' new forecasts provide a good reason to make a decision as early as next week.

The European Commission presented details of a European recovery fund this week. The 'Next Generation EU' fund with a total volume of EUR 750bn is to be mainly used in a targeted manner to support reforms and investments in ecological and digital change.


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General information

AuthorErste Group Research
Date2020/05/29
Languageen
Product nameWeek ahead
Topic in focusMacro/ Fixed income
Economy in focusEurozone, United States
Currency in focusEuro, US Dollar
Sector in focus-
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