Dec
05
ECB Buys Record Amount of Debt as QE Frontloaded Before Holidays
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Total debt purchases jump to 85.4 billion euros in November
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ECB publishes monthly breakdown of asset-purchase program
The European Central Bank bought a record monthly amount of assets under its quantitative-easing program in November in an attempt to frontload purchases before market liquidity may dry up during the holiday season.
The ECB bought a total of 85.4 billion euros ($91.6 billion) of debt last month even as the pace of purchases of government bonds, which represent the bulk of the program, dropped to 70.1 billion euros from 73 billion euro in October, ECB data published on Monday showed. An increase in monthly buying of covered bonds, asset-backed securities and corporate debt helped to make up for the difference…
ECB Buys Record Amount of Debt as QE Frontloaded Before Holidays
