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ECB Spends 85.1 Billion Euros on QE in Brexit-Blighted June

  • Asset purchases include week following U.K. vote to quit EU
  • Central bank bought EU6.4b of corporate bonds in first month
Updated on

The European Central Bank bought 85.1 billion euros ($94.8 billion) of debt in June as it boosted its asset-purchase program before the summer holiday period, and as officials considered how to handle the fallout from the U.K.’s decision to quit the European Union.

Holdings of public and private-sector debt climbed to 1.08 trillion euros as of June 30, data on the ECB’s website showed on Monday. The period includes the week after the U.K. sent shockwaves through the financial system with its Brexit vote.