ECB KEEPS BOND PURCHASES BELOW €4BN

THE European Central Bank (ECB) bought €3.795bn in bonds during the last week of September, down from €3.95bn the previous week. Since it was relaunched in August the bank has bought €160.5bn in bonds. The ECB also said yesterday that use of its deposit facility had risen to its highest level in over a year, with banks placing almost €200bn over the weekend. Outgoing head Jean-Claude Trichet will give his final briefing on Thursday.