- European Central Bank purchases €17.59 billion of government and agency bonds last week
Market news
6 June 2016
European Central Bank purchases €17.59 billion of government and agency bonds last week
The European Central Bank (ECB) purchased €17.59 billion of government and agency bonds under its quantitative-easing program last week.
The ECB bought €973 million of covered bonds, and €66 million of asset-backed securities.
In May as whole, the central bank purchased €79.67 billion of government and agency bonds, €5.56 billion of covered bonds, and €17 million of asset-backed securities
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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