ECB ready to buy on Monday as spreads stabilise

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ECB ready to buy on Monday as spreads stabilise

The legal document approving the European Central Bank’s third covered bond purchase programme was published on Friday and takes effect on Saturday, suggesting it would be permitted to start buying covered bonds from Monday. The ECB told The Cover that the legal act was a mere formality and comes as secondary markets have begun to stabilise after volatility earlier this week.

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