Pace of asset buying by the ECB rises last week

Market news

11 May 2015

Pace of asset buying by the ECB rises last week

The European Central Bank (ECB) purchased €13.65 billion of government bonds last week. The central bank said on Monday it had settled a total of €108.709 billion of purchases of government bonds as of May 8, up from €95.056 billion the previous week.

ECB'S asset buying programme is intended to run to September 2016.

The ECB also said that it bought €2.9 billion of covered bonds last week, and €42 million of asset-backed securities. Covered bonds programmes totalled €77.976 billion, while asset-backed securities programmes totalled €5.827 billion.

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