FRANKFURT (Dow Jones) – The European Central Bank (ECB) and The central banks of the euro area have effective from 24 February their purchases of Debentures and other debts with a secured bank loans continued. As the ECB announced on Thursday increased the level of purchases covered bonds (covered bonds) at 37.944 (previously: 37.887) billion.
The ECB and central banks in the euro zone may be co – their program announced in May to 30 June 2010 covered Bonds for a total of EUR 60 billion purchase. The scheme intends to Governing the market for covered bonds and stabilize the Reduce risk premiums, so the extension of new credits to the economy . stimulating
The purchasing volume of individual Eurosystem central banks address to be broadly according to their share in the ECB’s capital. Thereafter, the German can Bundesbank’s covered bonds for nearly EUR 15 billion purchase. For the ECB even 5 billion EUR.
The Eurosystem does not publish daily information allocation of the purchases on the secondary and Primary markets. From monthly data shows that the previously greater proportion of purchases is made on the secondary market.
Website: www.ecb.int DJG / DJN / sgs / hab
(END) Dow Jones Newswires
February 25, 2010 03:17 ET (08:17 GMT)
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