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- European Central Bank purchases €61.3 billion of public and private debt in July
European Central Bank purchases €61.3 billion of public and private debt in July
The European Central Bank (ECB) purchased €61.3 billion of public and private debt under its quantitative-easing program in July, compared to €63.2 billion in June.
ECB Executive Board member Benoit Coeure said on May 18 that the central bank would raise the pace of asset-buying due to lower liquidity in July and August.
ECB'S asset buying programme is intended to run to September 2016.
The ECB bought €51.4 billion of government and agency bonds in July, €9.0 billion of covered bonds, and €944 million of asset-backed securities.
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