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CBPP3, overall QE hit lows, latest PEPP breakdown nears

Posted on 29 July 2020


The CBPP3 portfolio contracted some €637m last week – the most since the programme was restarted in November 2019 – on the back of high redemptions and an absence of primary market activity, while aggregate gross Eurosystem purchases were at their lowest level since PEPP’s launch...

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