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Like I posted in another comment, the Asset purchase programme (APP) and pandemic emergency purchase programme (PEPP) will continue for some time, so I'd think
by tlamponi 4y ago
Like I posted in another comment, the Asset purchase programme (APP) and pandemic emergency purchase programme (PEPP) will continue for some time, so I'd think they plan to use those as lever for such things, iow. the lending rates aren't the single "tunable" parameter, for better or worse.
FWIW, until recently I was cautiously optimistic w.r.t. Italy, but the stunt of ex-premier Conte's M5S and Salvini's Lega driving out Draghi's (relatively) competent gov in favor of populism damped that a bit.. One of the biggest droughts in Italy's history won't help the economy either.