The European Central Bank will not apply self-imposed purchase limits on its 750...
FILE PHOTO: The European Central Bank logo is pictured before a news conference on the outcome of the meeting of the Governing Council in Frankfurt, Germany, January 23, 2020. REUTERS/Ralph Orlowski
FRANKFURT - The European Central Bank will not apply self-imposed purchase limits on its 750 billion euro coronavirus crisis-fighting bond buying scheme and will also expand the list of eligible securities, it said in a legal text. Under the Pandemic Emergency Purchase Programme, the ECB will be allowed to buy debt with a maturity of as short as 70 days, compared to one year in previous purchases, and a limit on buying no more than 33% of any country’s debt, will not apply.
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