ECB buys stable volume of eurozone bonds

17th October 2011, Comments 0 comments

The European Central Bank said Monday it bought 2.24 billion euros ($3.0 billion) of eurozone government bonds in the past week, little changed from the preceding week.

In the previous week to October 10, the ECB had bought 2.3 billion euros of bonds.

The ECB, as usual, did not specify which government bonds it had bought.

The ECB has bought 165 billion euros in eurozone government bonds since it first began such operations early last year as part of efforts to ease debt strains in the 17-nation bloc.

It resumed major purchases in August when renewed strains pushed Italian and Spanish borrowing rates to unsustainable levels.

© 2011 AFP

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