ECB sovereign debt programme

ECB Bundesbank

The ECB Accelerated Spanish Debt Purchases By 6.8% In June

The European Central Bank acquired €5.4 Bn in Spanish bonds during the month of June as part of its PSPP purchase programme, which has been questioned by the German Constitutional Court. The June figure accounts for 21.5% of the total of €25.23 Bn allocated for the month by the ECB for the acquisition of sovereign debt of the euro area countries participating in the programme. So it has exceeded the capital key of 11.9% corresponding to Spain.

 


ECB both christines

The ECB Buys £26.75 Bn Of Bonds In April: 41% Italian, 31% French, 16% Spanish, And Just 2.3% German (Under Its Usual Purchase Programm)

Banca March | The European Central Bank expects an economic contraction of 5.5% in 2020 and a recovery in 2021 to growth of 4.3%. In this context of deteriorating growth forecasts, the ECB continues to increase its asset purchases to support the region’s economy. Even though, it does not reveal the composition of the purchases within this specific programme of support for European economies hit by COVID-19, we can take a look at its usual programme of sovereign debt purchases (known as the PSPP).