ECB Spent 63 Billion Euros on Bonds Last Month With Frontloading
- Central bank stepped up QE program before holiday period
- ECB said last week that it'll boost QE by 360 billion euros
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The European Central Bank kept up its accelerated pace of bond buying before liquidity dries up over the region’s holiday period.
Holdings of public and private-sector debt under quantitative easing climbed by 62.6 billion euros ($67.7 billion) in November, data on the ECB’s website showed on Monday. The central bank intends to buy an average of 60 billion euros a month of bonds as it tries to revive inflation in the 19-nation euro area.