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ECB Uses 50% of Members’ National Debt as Stimulus Guideline

  • Central bank uses 50% operational ceiling for national bonds
  • Governing Council recently studied layout of bond holdings
European Central Bank Chief Economist Philip Lane Interview
Photographer: Alex Kraus/Bloomberg
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The European Central Bank is conducting bond purchases with an informal limit of just under 50% of each country’s debt issuance, a level never previously revealed that hints at the scale of support it has been willing to provide during the crisis.