The European Central Bank bought 1.9 billion euros ($2.2 billion) of company bonds in its first full week of purchases, as Mario Draghi expanded efforts to boost the region’s flagging economy.
The bank’s holdings of company debt climbed to 2.25 billion euros on June 17 from 348 million euros a week earlier, based on data reported on its website on Monday. The ECB started acquiring investment-grade corporate bonds on June 8, and first-day purchases surpassed analysts’ expectations.
