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    04.04.2016 14:48 European Central Bank purchases €8.76 billion of government and agency bonds last week

    The European Central Bank (ECB) purchased €8.76 billion of government and agency bonds under its quantitative-easing program last week.

     

    The ECB bought €102 million of covered bonds, and the value of asset-backed securities fell by €239 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, 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).


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