Asset purchase programme: Difference between revisions

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imported>Doug Williamson
(Create page. Sources: The Treasurer, October 2019 p8, and ECB webpage https://www.ecb.europa.eu/mopo/implement/omt/html/index.en.html)
 
imported>Doug Williamson
(Add link.)
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* [[Quantitative easing]]
* [[Quantitative easing]]
* [[POMO]]
* [[POMO]]
* [[Recession]]


[[Category:The_business_context]]
[[Category:The_business_context]]

Revision as of 16:47, 14 November 2019

Monetary policy - European Central Bank (ECB).

(APP).

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.


See also