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ECB Halts Govt. Bond Purchasing First Time Since August

02/20/2012  09:20

The European Central Bank on Monday said that it made no purchase of Eurozone government bonds last week, halting the emergency debt buying program for the first time since August.

The program, under which the central bank buys bonds from other investors in the secondary market, was launched in May 2010 to support the troubled Eurozone countries and help keep their borrowing costs down.

No purchases were made during the week ended February 17. The ECB bought only EUR 59 million of bonds during the previous week.

(Market News Provided by RTTNews)

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