Arab Today, arab today ecb has not restarted bond purchases data suggests
Last Updated : GMT 10:32:05
Arab Today, arab today
Arab Today, arab today

ECB has not restarted bond purchases, data suggests

Arab Today, arab today

Arab Today, arab today ECB has not restarted bond purchases, data suggests

Frankfurt - AFP

The European Central Bank has again opted not to resume its programme of buying up bonds of eurozone nations, data suggested Monday, despite widespread expectations that the bank may do so soon. According to data published on the bank\'s website, it did not buy any sovereign bonds last week for the 22nd week in a row. The ECB launched its bond-buying blitz under the Securities Market Programme (SMP) in 2010 to help debt-wracked eurozone countries that were finding it difficult to drum up financing in capital markets. But the SMP has lain dormant since February following the ECB\'s moves to pump more than one trillion euros ($1.23 trillion) into the banking system via three-year funding operations in December and February. After one of the most hotly anticipated ECB policy meetings in recent history earlier this month, ECB chief Mario Draghi said the central bank \"may\" resume bond purchases, but it was primarily up to governments to solve the long-running debt crisis. ECB executive board member Benoit Coeure said the same in a subsequent interview published in the Slovakian newspaper Hospodarske Noviny last week. \"Within its mandate to maintain price stability, and in strict independence, the ECB may then undertake sovereign bond purchases,\" Coeure said. SMP was controversial from the start, with critics saying the ECB was overstepping its mandate in buying up sovereign bonds on the secondary market. Between January and August 2011, the purchases dried up, but the ECB resumed the programme when renewed strains pushed Italian and Spanish borrowing rates to unsustainable levels. The ECB has so far accumulated 211.5 billion euros in bonds from Greece Ireland, Portugal, Italy and Spain as part of the programme. At one point, purchases reached as much as 22 billion euros in a single week.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ecb has not restarted bond purchases data suggests Arab Today, arab today ecb has not restarted bond purchases data suggests

 



Arab Today, arab today
Arab Today, arab today Nasima Gamei revives Algerian heritage in jewelries

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives Algerian heritage in jewelries
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Mental conflict endures

GMT 07:36 2017 Friday ,24 February

Mental conflict endures
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Wafaa Amer is happy for Sherihan’s return

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday