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).
The post European Central Bank purchases €12.4 billion of government and agency bonds last week appeared first on forex-analytics.press.