Asset Purchase Programmes
The Eurosystem is purchasing €60 billion of public sector and private sector bonds per month across four purchase programmes. The programmes were launched to address the risks of a prolonged period of low inflation. There are four purchase programmes, namely the:
- Third Covered Bond Purchase Programme (CBPP3)
- Asset-Backed Securities Purchase Programme (ABSPP)
- Public Sector Purchase Programme (PSPP)
- Corporate Sector Purchase Programme (CSPP)
More information on the purchase programmes can be found on the ECB’s website.