ECB Exceeds Monthly Asset-Purchases Target Before Summer Lull
This article is for subscribers only.
The European Central Bank exceeded its monthly asset-buying target in July before liquidity dries up in the region’s prime vacation month.
The ECB bought 61.3 billion euros ($67 billion) of public and private debt under its quantitative-easing program, data on the institution’s website showed on Monday. Purchases have exceeded the ECB’s monthly goal of 60 billion euros since May.