Belgian and French central banks get larger role buying asset-backed securities

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The ECB

The National Bank of Belgium (NBB) and the Banque de France were handed larger roles in the Eurosystem's asset-backed securities purchase programme today (September 23).

The European Central Bank announced the Belgian central bank will take up an "asset management task" while the Banque de France – already responsible for part of the programme – will cover "an increased number of jurisdictions". They will begin their new roles on October 27.

The ECB had planned to gradually bring more central ba

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