ECB furthest behind target path on smallest increase
A Eu6m increase in purchases under the European Central Bank’s programme reported today (Tuesday) left the cumulative total Eu792m short of an assumed target path necessary for Eu60bn to have been spent at the end of June, putting it the furthest behind schedule since reporting began. Please note: after today The Cover will no longer report ECB covered bond purchases daily, but will publish a weekly round-up on Fridays and on an ad hoc basis when appropriate.
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