FRANKFURT (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.
(Reporting by Balazs Koranyi; Editing by Christian Schmollinger)
