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    13.06.2016 14:43 European Central Bank purchases €17.73 billion of government and agency bonds last week

    13.06.2016 14:43

    European Central Bank purchases €17.73 billion of government and agency bonds last week

    The European Central Bank (ECB) purchased €17.73 billion of government and agency bonds under its quantitative-easing program last week.

    The ECB bought €1.49 billion of covered bonds, and €131 million of asset-backed securities.

    The central bank purchased €348 million of corporate bonds on June 08.

    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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