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.