The European Central Bank (ECB) has started buying millions of euros in government bonds from the most vulnerable countries in the eurozone. Wrote The Financial Times (FT) newspaper.
So the ECB wants to support states in a time of economic instability and high interest rates. In June and July, the European Central Bank invested a total of €17 billion in the government bond markets of Spain, Italy and Greece, while the volume of government bonds in Germany, France and the Netherlands decreased by €18 billion. due to their expiration date.
“The ECB appears to be very active, reinvesting almost all of its revenues from key surrounding countries,” said Frédéric Ducrozet, head of macroeconomic analysis at Pictet Wealth Management.
At the end of July, the press service of the organizer reportedThe ECB Governing Council has decided to raise three key interest rates by 50 basis points. The base interest rate was increased to 0.5%, the deposit rate to 0% and the short-term loan rate to 0.75% for the first time since July 2011.
it happened later knownInflation in 19 eurozone countries hit a new record – almost 9% in July.
Source: Gazeta
Barbara Dickson is a seasoned writer for “Social Bites”. She keeps readers informed on the latest news and trends, providing in-depth coverage and analysis on a variety of topics.