ECB Bought 62.4 Billion Euros in Bonds in January as QE Reviewed
- Central banks resumed purchases after suspension for holidays
- Governing Council will review stimulus at March 10 meeting
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The European Central Bank spent 62.4 billion euros ($68 billion) on debt in January, returning its quantitative-easing program to full strength after a winter break.
Holdings of public and private-sector debt under QE climbed to 712.3 billion euros last month, data on the ECB’s website showed on Monday. Of that, 544.2 billion euros was public-sector debt, with 150.5 billion euros accounting for covered bonds and 17.6 billion euros for asset-backed securities.