Banks, Financial Services, Latvia
International Internet Magazine. Baltic States news & analytics
Wednesday, 24.04.2024, 05:47
Latvian bonds worth EUR 2.077 bn purchased under ECB program by late 2018
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EUR 3.163 bn worth of Lithuanian bonds and EUR 7 mln worth
of Estonian bonds had also been purchased by last year.
In December 2018, Latvian securities were bought for EUR 12 mln
and Lithuanian securities for EUR 21 mln under the ECB program. Estonian
securities were not purchased under the program in December.
The total value of bonds purchased under the PSPP program by
the end of December 2018 was EUR 2.171 trillion, of which EUR 12.961 bn worth
of bonds were purchased in December last year.
The securities purchase program was launched in March 2015
pursuing the Eurosystem's (comprising the ECB and national central banks of the
euro area) objective of keeping medium-term inflation rates below, but close
to, 2 percent. The expanded assets purchase program now comprises four
programs: the PSPP, the CBPP3 (the covered bond purchase program), the ABSPP
(the asset-backed securities purchase program) and the latest addition - the
CSPP (the corporate sector purchase program).
From October 2018 to the end of the year, the net amount of
monthly purchases under the program was EUR 15 bn. The purchases of securities
have been discontinued this year.
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