ECB sharply ramps up asset purchases
Last week, the European Central Bank started to carry out the increased asset purchases its governing council approved on March 12.
According to the Eurosystem’s consolidated financial statement published on March 24, holdings under the ECB’s asset purchase programme (APP) rose by €17.4 billion ($18.8 billion) in the week to March 20.
This is the highest weekly increase in two years, a hefty increase relative to the week to March 13, when holdings grew by €5.3 billion.
The increase in the APP
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