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ECB is front-loading APP before December – ECB bond markets head

FXStreet (Mumbai) - The head of the Eurozone bond markets at the European Central Bank (ECB) Ralph Weidenfeller said today that the bank is front-loading its asset purchase program (APP) before December.

Key Quotes

At the moment ECB purchases for Sept and Oct have been for EUR 63bln, ECB will end up "somewhere in the ball park" for Nov.

The ECB was only short EUR 60bln monthly amount in Aug and catered to by front-loading.

The exchange rate environment is supporting the economic recovery, funding conditions have improved.

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