Economics
ECB Pandemic Purchases Stay Muted Amid Drag of Maturing Debt
- Institution settled 11.9 billion euros in net buying last week
- Governing Council will release policy decision on Thursday
Photographer: Martin Leissl/Bloomberg
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The European Central Bank kept up a muted pace of pandemic bond-buying for a second week as maturing debt acted as a brake on officials’ stimulus efforts.
The institution settled 11.9 billion euros ($14.2 billion) of net buying under its Pandemic Emergency Purchase Program last week, similar to the 12 billion-euro outcome of the prior week. That’s well below the average purchase pace of 18 billion euros since the tool’s inception.