ECB Monthly Bulletin (May)
In its Monthly Bulletin for May, released on Thursday, the European Central Bank explained the rationale behind its recent intervention in secondary markets.
The Governing Council decided on 10 May to buy securities in euro-area public and private debt markets "to address the malfunctioning of securities markets and to restore an appropriate monetary policy transmission mechanism."
"The measures will help to mitigate the spillover of increased financial market volatility, liquidity risks and
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