ECB Exceeds Monthly ABS Purchases Target for July

The European Central Bank (”ECB”) exceeded its monthly asset-buying target in July before liquidity is expected to dry up during the region’s prime vacation month, according to a recent Bloomberg article.

Purchases have exceeded their monthly goal of €60 billion ($65.7 billion) since May. The ECB bought €61.3 billion ($67 billion) of public and private debt under its quantitative–easing program. Specifically, the ECB purchased €51.4 billion ($56.2 billion) of government and agency bonds, €9 billion ($9.9 billion) of covered bonds, and €944 million ($1.03 billion) of ABS.

The ECB will be running their quantitative-easing program until September 2016, or until they have determined that the euro-area inflation rate in back on track towards their goal of just under 2 percent.

Sign Up for Our Newsletter

Subscribe

News
Connect with SFIG
LinkedIn logo
Join us on LinkedIn >
Twitter logo
Follow us on Twitter >


Quick Search

Advanced Search
wagers
Terms and Conditions | Privacy Policy