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Free AccessLarge Redemptions Offset Sizeable Gross Purchases
ECB asset purchases flipped from net positive to net negative in the week ending Sep 9, though this reflected a very large E14.4bln in PSPP (E8.1bln) and PEPP (E6.3bln) redemptions.
- Gross purchases in the week were a sizeable E15.1bln.
- When redemptions were considered though, PSPP, PEPP, and Covered Bond holdings all subtracted from the headline figure. ABS were unchanged.
- The ECB's asset purchase holdings have remained relatively steady following the end of net APP buys in July, now down a total of E8.3bln on a E4.95trn portfolio.
ECB Net Asset Purchases W/E | PSPP | Cov Bd | CSPP | ABS | PEPP | TOTAL |
22-Jul-22 | 4.7 | -0.7 | 0.3 | -0.4 | -1.2 | 2.8 |
29-Jul-22 | -0.5 | 0.2 | 0.3 | -0.3 | 2.4 | 2.2 |
5-Aug-22 | -2.1 | -1.7 | -0.6 | 0.0 | -2.3 | -6.7 |
12-Aug-22 | 0.8 | 0.3 | 0.1 | 0.0 | 0.0 | 1.2 |
19-Aug-22 | 0.8 | 0.2 | 0.1 | -0.2 | 2.4 | 3.3 |
26-Aug-22 | 1.0 | 0.3 | 0.2 | -0.3 | -2.5 | -1.2 |
2-Sep-22 | 0.2 | -0.1 | -0.2 | 0.0 | 1.1 | 1.0 |
9-Sep-22 | -0.5 | -0.4 | 0.4 | 0.0 | -0.7 | -1.2 |
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Why MNI
MNI is the leading provider
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