17 Mar 2015
Solid start of the ECB’s QE – Danske Bank
FXStreet (Edinburgh) - Jens Pedersen, Senior Analyst at Danske Bank, assessed the figures for the first week of the ECB’s QE programme.
Key Quote
“In the first week of government bond purchases, the European Central Bank (ECB) purchased EUR9.8bn of government bonds”.
“Adding bond purchases related to other programmes, total purchases were EUR12.7bn last week, or around EUR3.8bn per day”.
“That is a bit higher than the EUR3bn per day required for the ECB to meet its EUR60bn per month target and ECB has thus gotten off to a strong start in the first week of the large scale bond purchase programme”.
Key Quote
“In the first week of government bond purchases, the European Central Bank (ECB) purchased EUR9.8bn of government bonds”.
“Adding bond purchases related to other programmes, total purchases were EUR12.7bn last week, or around EUR3.8bn per day”.
“That is a bit higher than the EUR3bn per day required for the ECB to meet its EUR60bn per month target and ECB has thus gotten off to a strong start in the first week of the large scale bond purchase programme”.