Insider Economy ECB buys €481 million of Cypriot bonds as part of PEPP

ECB buys €481 million of Cypriot bonds as part of PEPP

 

The European Central Bank (ECB) has bought Cypriot bonds amounting to €481 million as part of the €750 billion Pandemic Emergency Purchase Programme (PEPP) launched as a response to the coronavirus outbreak.

The new purchases by the ECB, coupled with the bonds acquired in the context of the Public Securities Purchase Programme (PSPP) bring the total Cypriot eligible debt held by the ECB to approximately €3 billion.

According to the data published by the ECB, monthly purchases of Cypriot bonds for the period of March – May amounted to €481 million with the weighted average of the acquired bonds at 8.2 years.

Furthermore, Cypriot bond net purchases in the context of the PSPP amounted to €92 by end-May with the total purchases under the PSPP amounting to €2.4 billion with a weighted average of 9.,25 years.

Furthermore, analysts estimate that the ECB Governing Council which convenes tomorrow, may decide to increase the PEPP’s firepower as the emergency programme’s firepower may run out by September.

(CNA)

Top Stories

Man wanted for theft from shop (PHOTO)

Police are looking for information that could help locate an unidentified man regarding a case of theft from a shop, an offense that occurred...

UK to set out new tougher COVID border measures, PM Johnson says

British Prime Minister said the government would set out new tougher border measures later on Wednesday (January 27) , adding there were no easy...

Μeasures at airports and for flights in place until March 1st

The Μinistry of Transport announced that the Cabinet on Wednesday decided to extend the measures at airports and for flights taken to prevent the...

EU warns AstraZeneca over delay in delivering Covid-19 vaccine: “not acceptable”

Stella Kyriakides, the European Commissioner for Health and Food Safety, stated on Monday that AstraZeneca's new schedule in which the company's supply of COVID-19 vaccine would fall...

Auditor General finds mistakes and omissions in Youth Board of Cyprus

The Audit Office found mistakes and omissions regarding the operation of the Youth Board of Cyprus, particularly regarding the payment of sponsorships to the...

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...