Bonds Central Bank Watch ENG Eurozone Macro Analysis

Macro Focus: Why a Pandemic-OMT (POMT) might be triggered sooner than later by the ECB

A Pandemic OMT – P-OMT – might well be the most appropriate solution in the current context – and perhaps the only one that is available, especially if discussions around a common Eurozone fiscal package fail to produce meaningful results – in order to support individual Eurozone member countries, while preserving the overall financial stability of the Eurozone and the autonomy and credibility of the ECB.