ECB sovereign QE total rises to EUR 41 billion

FXStreet (Mumbai) - The European Central Bank appears to be on the road to meet its EUR 60 billion QE target as the bank’s total QE purchases stand at EUR 41 billion since the program started in the second week of March.

Public sector bond purchases rose to EUR 41.016 billion, while the asset-backed securities purchases rose to EUR 4.646 billion. The covered bond purchases total now stands at EUR 62.862 billion.