ECB drops €1bn in largest purchase of Irish debt since start of QE plan

The €1.17 billion spend was the highest since QE began in 2015

31st December, 2017

The European Central Bank splurged more than €1 billion on Irish government debt in November, its largest monthly purchase of bonds under its money-printing stimulus plan.

The €1.17 billion spend in the month was the highest since the asset purchase plan, known as quantitative easing, began in early 2015. The ECB has not spent more than €1 billion in a single month on Irish debt since October 2016, and the figure has been at half...

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