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ECB bond buys at close to zero
THE EUROPEAN Central Bank (ECB) kept its government bond purchases to an absolute minimum last week, spending less than €150m (£125.4m) for the third week running.
The ECB has all but halted its purchases of troubled Eurozone debt over the last month and a half, following both a substantial improvement in key bond markets, and calls for it to take losses on Greek bonds.
Last week’s €59m of purchases represents a token signal the programme is still operational and edges the amount spent since starting the purchases in May 2010, up to €219.5bn.