TeleTrade - Analytics

    TeleTrade

    689.50 6.50/10
    81% of positive reviews
    Real

    21.03.2016 15:34 European Central Bank purchases €12.4 billion of government and agency bonds last week

    The European Central Bank (ECB) purchased €12.4 billion of government and agency bonds under its quantitative-easing program last week.

     

    The ECB bought €1.8 billion of covered bonds, and €100 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, to take effect in April. Purchases will include non-bank corporate debt.

     

    The central bank will launch further four targeted longer-term refinancing operations (LTRO).


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree