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- European Central Bank purchased almost 61 billion euros of government bonds in the first month of its quantitative easing programme
European Central Bank purchased almost 61 billion euros of government bonds in the first month of its quantitative easing programme
The European Central Bank (ECB) said on Tuesday that it purchased almost 61 billion euros of government bonds and other assets in March. The central bank beat its target in the first month of a quantitative easing programme. The ECB started to buy government bonds on March 09.
The ECB purchased 52.555 billion euros of government bonds since March 09: 11.1 billion euros of German government bonds, 8.75 billion euros of French government bonds and 7.6 billion euros of Italian government bonds.
The ECB said that it settled 64.670 billion euros in total covered bond purchases as of April 03, and 4.888 billion euros in purchases of asset-backed securities (ABS).
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