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Latvian securities procured as part of ECB bond purchase programme – EUR 1.991 billion

Photo: pixabay.com.
As part of European Central Bank’s Public Sector Purchase Programme this August, Latvian bonds worth EUR 1,991 billion were procured, according to information published by ECB.

Lithuanian bonds were bought in the amount worth EUR 2.938 billion at the end of August 2018, whereas Estonian bonds were procured in the amount worth EUR 7 million.
 

As part of the bond procurement programme, state sector securities procured at the end of August were worth a total of EUR 2.115 trillion, including EUR 22.619 million in August in total.
 

The bond procurement programme was launched in March 2015, realizing the main goal of the euro The programme commenced in March 2015, realizing the goal of European Central Bank and other Eurozone central banks’ goal to maintain average inflation close to 2%. Expanded Asset Purchase Programme initially consisted of three parts – PSPP, Third Covered Bond Purchase Programme and Asset-backed Securities Purchase Programme. However, since 8 June 2016, the programme has also included Corporate Sector Purchase Programme.
 

The net asset procurement volume in the programme will be EUR 30 billion a month before the end of September 2018. If data still affirms ECB Council’s medium-term inflation perspective, the net monthly asset procurement volume will be reduced to EUR 15 billion from September to the end of December 2018. After that, net procurements will be ceased.

BNN/LETA

10-09-2018
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