The European Central Bank (ECB) purchased €12.25 billion of government and agency bonds under its quantitative-easing program last week.

The European Central Bank's (ECB) President Mario Draghi said at a press conference last Thursday that the value of the ECB's asset-buying programme will be discussed at the monetary policy meeting in December. He noted that the Governing Council discussed the possibility to cut interest rates, but the decision was not made. Draghi pointed out that the central bank will expand its asset-buying programme if needed to boost inflation toward the 2% target.

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

The ECB bought €2.03 billion of covered bonds, and €200 million of asset-backed securities.