ECB cut back on Irish bond buys last month

Reports says move due to concerns about hitting limit

17th May, 2016
ECB chief Mario Draghi's QE programme has lowered borrowing costs for many countries Pic Getty

A report from the Reuters news agency says the European Central Bank limited its buying of Irish and Portuguese bonds last month.

Quoting central bank sources, Reuters said the move was due to ECB concerns about hitting its cap on the amount of individual countries’ bonds that it holds. The agency said the ECB was moving closer to a self-imposed limit of holding a third of the countries’ debt, due to previous bond-buying measures aimed...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Analysis: Lockdown fatigue grows but majority do not want to ease restrictions

Coronavirus Rachel Lavin 18 hours ago

Comment: How the FAI could have avoided the lasting damage of Videogate

Sport Paddy O'Dea 2 days ago

Latest lockdown news is deflating for everyone, but there is an end in sight

Colin Murphy: In law, we are closer to house arrest than a 5km limit