Friday September 18, 2020

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...

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