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Euro Rises With ECB Delivering More Stimulus as Widely Expected 2020-12-10 13:10:00 Justin McQueen, Analyst EUR/USD Price Analysis & News ECB Boosts Pandemic Program by EUR 500bln Euro Edges Higher on More Stimulus, Move Contained Advertisement ECB TAKES ACTION AS EXPECTED: As widely expected the ECB increased the envelope of PEPP by EUR 500bln to a total of EUR 1.850trillion, while also extending the program by 9-months to run until at least March 2022. The ECB also noted that they will reinvest maturing PEPP bonds at least through to the end of 2023. There will also be an extension to favourable TLTRO terms, now set until June 2022, with three additional operations conducted between June- December 2022, while allowable TLTRO borrowing will be upped to 55% from 50% of eligible loans. Elsewhere, the central bank noted that the ECB will continue to monitor exchang ....