ECB’s First ABS Purchases Show Caution as Further Steps Debated
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The European Central Bank signaled that it’ll be cautious as it buys asset-backed securities for the first time in its latest stimulus measure for the euro area.
The ECB settled 368 million euros ($460 million) of ABS purchases in the first week of operations through Nov. 28, data published on its website showed today. That’s dwarfed by the 5.1 billion euros of covered-bond purchases settled by the central bank last week.