Traduction de «expanded asset purchase programme » (Anglais → Français) :

EAPP | Expanded Asset Purchase Programme

public sector asset purchase programme | public sector purchase programme | secondary markets public sector asset purchase programme | PSPP [Abbr.]

This move has been made even greater on the monetary side by the decision taken by the ECB on 22 January 2015 to launch an expanded asset purchase programme that will include bonds issued by euro area central governments and amount to EUR 60 billion per month until at least September 2016.

S. whereas Parliament has for the past two years warned of the social risks of deflation in a context of low growth, high unemployment and downward pressure on wages; whereas the European Central Bank (ECB) has forecast low inflation in the long run, and has warned of the consequences of this on internal demand, growth and employment; whereas deflation has become a reality since August 2014 in eight Member States (of which six are in the eurozone); whereas demand and job creation in the EU is heavily constrained by the prevailing weakness of credit provision to SMEs and the need to reduce excessive public and private debt with special regards to mortgage loans; whereas the drop in inflation rates significantly increases these difficulti ...[+++]es, by raising real interest rates and the real debt burden, and could lead to a vicious circle of economic depression; whereas the ECB reacted to all these aspects on 22 January 2015 by implementing an expanded asset purchase programme, with combined monthly asset purchases amounting to EUR 60 billion, to be carried out until at least September 2016;

S. whereas Parliament has for the past two years warned of the social risks of deflation in a context of low growth, high unemployment and downward pressure on wages; whereas the European Central Bank (ECB) has forecast low inflation in the long run, and has warned of the consequences of this on internal demand, growth and employment; whereas deflation has become a reality since August 2014 in eight Member States (of which six are in the eurozone); whereas demand and job creation in the EU is heavily constrained by the prevailing weakness of credit provision to SMEs and the need to reduce excessive public and private debt with special regards to mortgage loans; whereas the drop in inflation rates significantly increases these difficult ...[+++]ies, by raising real interest rates and the real debt burden, and could lead to a vicious circle of economic depression; whereas the ECB reacted to all these aspects on 22 January 2015 by implementing an expanded asset purchase programme, with combined monthly asset purchases amounting to EUR 60 billion, to be carried out until at least September 2016;

S. whereas Parliament has for the past two years warned of the social risks of deflation in a context of low growth, high unemployment and downward pressure on wages; whereas the European Central Bank (ECB) has forecast low inflation in the long run, and has warned of the consequences of this on internal demand, growth and employment; whereas deflation has become a reality since August 2014 in eight Member States (of which six are in the eurozone); whereas demand and job creation in the EU is heavily constrained by the prevailing weakness of credit provision to SMEs and the need to reduce excessive public and private debt with special regards to mortgage loans; whereas the drop in inflation rates significantly increases these difficult ...[+++]ies, by raising real interest rates and the real debt burden, and could lead to a vicious circle of economic depression; whereas the ECB reacted to all these aspects on 22 January 2015 by implementing an expanded asset purchase programme, with combined monthly asset purchases amounting to EUR 60 billion, to be carried out until at least September 2016;