26 May 2015
ECB’s asset purchases slowed despite Coeure's frontloading comments
FXStreet (Mumbai) - The Eurosystem central banks slowed asset purchases last week, despite hints it would accelerate them before a summer lull, data showed on Monday.
The central banks settled roughly €11.80 billion of public sector assets in the seven days up to May 22. That takes the total sovereign and supranational debt bought so far to €134.20 billion. The purchased amount is almost €2 billion lower than the previous week's €13.70 billion spent.
Meanwhile, covered bonds purchases swelled by €2.0 billion to €82.80 billion, while asset-backed securities (ABS) purchases added €99 million to €6.20 billion. That's lower than the €2.8 billion and €300 million added in the previous week, respectively.
The central banks settled roughly €11.80 billion of public sector assets in the seven days up to May 22. That takes the total sovereign and supranational debt bought so far to €134.20 billion. The purchased amount is almost €2 billion lower than the previous week's €13.70 billion spent.
Meanwhile, covered bonds purchases swelled by €2.0 billion to €82.80 billion, while asset-backed securities (ABS) purchases added €99 million to €6.20 billion. That's lower than the €2.8 billion and €300 million added in the previous week, respectively.