The bond buying under the pandemic emergency purchase programme was key to stabilising markets, supporting monetary policy transmission and curbing risks to price stability. Our #EconomicBulletin reviews the benefits of this tool’s flexible implementation https://www.ecb.europa.eu/pub/economic-bulletin/articles/2023/html/ecb.ebart202208_01~bf0907fa1f.en.html

🐦🔗: https://n.respublicae.eu/ecb/status/1613465318143180802