(2)On 10 December 2020, the Governing Council decided, in line with its mandate to ensure price stability, to revise certain of the PEPP’s design features with a view to preserving favourable financing conditions over the pandemic period, thereby underpinning the economic recovery and helping to offset the downward impact of the pandemic on the projected path of inflation. Specifically, the Governing Council decided to increase the overall separate envelope for the PEPP by EUR 500 billion to a total of EUR 1 850 billion and to extend the horizon of net purchases under the PEPP until at least the end of March 2022. In any case, the Governing Council will conduct net purchases until it judges that the coronavirus crisis phase is over.