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ECB Slows Bond Purchases After Indicating Pace Would Accelerate

ECB Keeps Rates at Record Low, Fed Embarks on Further Easing
Hannelore Foerster/Bloomberg

The European Central Bank slowed purchases of public-sector bonds, even after saying it would accelerate buying before liquidity dries up during Europe’s summer vacation period.

Holdings of government and agency debt under its quantitative-easing program climbed by 11.8 billion euros ($13 billion) to 134.2 billion euros in the week ended May 22, data on the ECB website showed on Monday. That’s the smallest increase in three weeks.