Asset purchase programme: Difference between revisions

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== See also ==
== See also ==
* [[Asset-Backed Securities Purchase Programme]]
* [[Asset Purchase Facility]]
* [[Asset Purchase Facility]]
* [[Balance sheet reduction policy]]
* [[Balance sheet reduction policy]]
* [[Cash in the new post-crisis world]]
* [[Cash in the new post-crisis world]]
* [[Central bank]]
* [[Central bank]]
* [[Corporate Sector Purchase Programme]]
* [[Covered Bond Purchase Programme]]
* [[Deflation]]
* [[Deflation]]
* [[European Central Bank]]
* [[European Central Bank]]
* [[Fiscal policy]]
* [[Fiscal policy]]
* [[Helicopter money]]
* [[Helicopter money]]
* [[Modern Monetary Theory]]
* [[Monetary policy]]
* [[Monetary policy]]
* [[Money supply]]
* [[Money supply]]
* [[Quantitative easing]]
* [[Quantitative easing]]
* [[Public Sector Purchase Programme]]
* [[POMO]]
* [[POMO]]
* [[Recession]]
* [[Recession]]

Revision as of 01:27, 27 January 2021

Monetary policy.

(APP).

1. European Central Bank (ECB).

The ECB's asset purchase programme is similar to quantitative easing in other jurisdictions.

The APP's main purpose is to prevent deflation, and support meeting the ECB's inflation target, during a period when inflation was lower than the target figure.


The APP comprises the third covered bond purchase programme (CBPP3, launched in 2014), the asset-backed securities purchase programme (ABSPP, launched in 2014), the public sector purchase programme (PSPP, launched in 2015) and the corporate sector purchase programme (CSPP, launched in 2016).

APP net asset purchases involved a total amount of €2.6 trillion in the period ended December 2018.


The APP was suspended at the end of 2018, and resumed in November 2019.


2.

Similar activities undertaken by other central banks.


See also