ECB Accelerates Asset Purchases as Summer Bond-Market Lull Looms
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The European Central Bank stepped up its asset-buying program in May, meeting a pledge to accelerate purchases ahead of the region’s summer vacation period.
Holdings of public and private debt under its quantitative-easing program climbed by 63.1 billion euros ($69.2 billion), data on the ECB website showed on Monday. Purchases rose by 60.3 billion euros in April.