Decision (EU) 2025/1241 of the European Central Bankof 11 June 2025amending Decision (EU) 2020/440 on a temporary pandemic emergency purchase programme (ECB/2020/17) (ECB/2025/21)

Article 7 of Decision (EU) 2020/440 (ECB/2020/17) is replaced by the following:

Article 7

Securities lending

Except for securities that no longer meet the credit quality requirements for securities purchased under the corporate sector purchase programme or the third covered bond purchase programme, the Eurosystem shall make securities purchased under the PEPP available for lending, including repos, with a view to ensuring the effectiveness of the PEPP.

Article 2

Entry into force

This Decision shall enter into force on the fifth day following that of its publication in the Official Journal of the European Union.

Done at Frankfurt am Main, 11 June 2025.

The President of the ECB

Christine Lagarde