NEWS Release - Asset purchase programmes
Expanded asset purchase programme
The expanded asset purchase programme (APP) includes all purchase programmes under which private sector securities and public sector securities are purchased to address the risks of a too prolonged period of low inflation.
It consists of the
- third covered bond purchase programme (CBPP3)
- asset-backed securities purchase programme (ABSPP)
- public sector purchase programme (PSPP)
- corporate sector purchase programme (CSPP)
Monthly net purchases in public and private sector securities amount to €80 billion on average (from March 2015 until March 2016 this average monthly figure was €60 billion). From April 2017 they will amount to €60 billion on average.
They are intended to be carried out until the end of 2017 and in any case until the Governing Council sees a sustained adjustment in the path of inflation that is consistent with its aim of achieving inflation rates below, but close to, 2% over the medium term.
The APP is part of a package of measures that also includes targeted longer-term refinancing operations.
page source http://www.ecb.europa.eu/