European Central Bank heads into pivotal policy meeting with inflation and omicron infections rising
* The institution led by Christine Lagarde developed a new bond-buying program in the wake of the coronavirus in March 2020 to support the euro zone.
* The PEPP is due to end in March 2022 with a potential total envelope of 1.85 trillion euros ($2.19 trillion).
* The ECB has also kept its asset purchase program, known as APP, amid the pandemic which has a current monthly pace of 20 billion euros.
* The central bank has been using this program in combination with PEPP to sustain the 19-member economy.
Reference: CNBC
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