European Central Bank purchases €19.77 billion of government and agency bonds last week

Market news

9 May 2016

European Central Bank purchases €19.77 billion of government and agency bonds last week

The European Central Bank (ECB) purchased €19.77 billion of government and agency bonds under its quantitative-easing program last week.

The ECB bought €1.74 billion of covered bonds, and the value of asset-backed securities fell by €118 million.

The ECB cut its interest rate to 0.00% from 0.05% and deposit rate to -0.4% from -0.3% at its March monetary policy meeting. The ECB also expanded its monthly purchases to €80 billion from €60 billion.

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