ECB increases role of corporate debt in QE
Fall in sovereign bond purchases could allow extension of stimulus
The European Central Bank increased the share of corporate debt in its bond acquisitions in January as it sharply trimmed sovereign bond purchases, official data published on February 5 shows.
The ECB reduced its acquisitions of sovereign debt to €20 billion ($24.6 billion) in January from a monthly average of €50 billion in 2017, as analysts had anticipated. The reduction could allow the central bank to buy time if it needs to prolong the stimulus beyond September 2018.
Simultaneously, the
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