Economics
ECB Kept Pace of Pandemic Bond-Buying Little Changed Last Week
- Eurosystem settled 19 billion euros in asset purchases
- Lane is latest official to call on governments for support
Photographer: Martin Leissl/Bloomberg
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The European Central Bank maintained the elevated pace of its pandemic bond-buying as its strives to deliver on a promise to contain yields to protect the economy.
Net purchases settled last week climbed by 19 billion euros ($22.4 billion), slightly below the 21.1 billion euros recorded in the previous week. Policy makers decided to increase buying earlier this month after a global sell-off on the back of U.S. fiscal support raised concern that investors were getting ahead of themselves and pushing up euro-zone yields more than warranted.