ECB slows down PEPP purchases
Emergency asset buying fell to lowest level since programme was launched in April
The European Central Bank slowed down the rate of asset purchases under the Pandemic Emergency Purchase Programme (PEPP) in the week ending on July 24.
It bought €19.3 billion ($22.6 billion) in assets under the PEPP, according to data released by the ECB today (July 28). That is the lowest weekly rate of purchases since the ECB launched the programme in April.
So far the ECB has acquired €422.6 billion in assets, mainly sovereign bonds, but also commercial paper, corporate bonds and covered
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