ECB stays 'flexible' as covered bond purchases cut to 30%

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ECB stays 'flexible' as covered bond purchases cut to 30%

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(171215) -- FRANKFURT, Dec. 15, 2017 (Xinhua) -- European Central Bank (ECB) President Mario Draghi (L) and Vice President Vitor Constancio (R) attend a press conference at the ECB headquarters in Frankfurt, Germany, on Dec.14, 2017. The ECB Thursday decided to maintain the key interest rates for the euro area at present levels for an extended period of time, and well past the horizon of the net asset purchases. (Xinhua/Luo Huanhuan) (zjl) | Luo Huanhuan/Xinhua News Agency/PA Images

The European Central Bank’s Ad Visser acknowledged its "flexible" approach to covered bond purchases at the European Covered Bond Council’s plenary meeting held in Vancouver on Wednesday. His remark was made in response to a question about whether the ECB was reducing its primary market orders by 10% to a maximum of 30% of a deal’s size.

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