ECB Bond Purchases Drop to Lowest in Almost Two Months
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The European Central Bank bought the least amount of bonds in almost two months last week after it called on governments to do more to ease the region’s debt crisis.
The Frankfurt-based ECB said it completed 603 million euros ($794 million) of purchases after settling 2.667 billion euros the previous week. It will take seven-day term deposits tomorrow to neutralize 72.5 billion euros of liquidity created by bond purchases since the program started on May 10, it said today.