March 26, 2020 / 5:52 AM / 14 days ago

ECB will not apply issuer limit in new crisis fighting QE

FRANKFURT, March 26 (Reuters) - 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.

For the legal text, click on: here (Reporting by Balazs Koranyi; Editing by Christian Schmollinger)

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