Pace of asset buying by the ECB rises last week

Market news

8 June 2015

Pace of asset buying by the ECB rises last week

The European Central Bank (ECB) purchased €12.921 billion of assets last week. The central bank said on Monday it had settled a total of €159.600 billion of purchases of mainly government bonds as of June 5, up from €146.679 billion the previous week.

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

The ECB also said that it bought €2.169 billion of covered bonds last week, and €282 million of asset-backed securities. Covered bonds programmes totalled €87.277 billion, while asset-backed securities programmes totalled €7.494 billion.

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