Pandemic Emergency Purchase Programme (PEPP)

Government Record · European Central Bank · 2026

Describes PEPP as an ECB monetary-policy measure. The page does not identify BlackRock as an adviser or manager for the pandemic response; the verified 2014 ABS engagement is a different program.

The ECB's pandemic emergency purchase programme (PEPP) was a monetary policy measure initiated in March 2020 to counter the serious risks to the monetary policy transmission mechanism and the outlook for the euro area posed by the coronavirus (COVID-19) outbreak.

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Describes PEPP as an ECB monetary-policy measure. The page does not identify BlackRock as an adviser or manager for the pandemic response; the verified 2014 ABS engagement is a different program.

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