The European Central Bank (ECB) announced on Monday that it bought net assets of 13-17 billion euros last week as part of its quantitative easing program, compared with 31.9 billion euros the previous week, Reuters reported.
Additional details
“The ECB bought 453 million euros net of corporate bonds in the week ending July 2, compared to 174 million euros the week before.”
“The ECB bought 43 million euros net of assets in the covered bond purchase program 3 in the week to July 2 against 163 million euros the week before.”
“The ECB sold 2,588 billion euros net of assets in the public sector purchase (QE) program in the week to July 2 compared to 7,613 billion euros the previous week.”
“The ECB bought 15.734 billion euros net of bonds from the Pandemic Emergency Purchase Program (PEPP) in the week ending July 2, compared to 24.313 billion euros the week before.”
“The ECB bought 76 million euros net of assets in the asset-backed securities purchase program in the week to July 2, compared to sales of 363 million euros the previous week.”
Market reaction
This report failed to trigger a market reaction and the pair EUR/USD it was last seen trading sideways on the day at 1.1862.
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