ECB VP Says 400 Billion Euros of ABS Qualify for Purchase

Euro zone inflation slowed to 0.3 percent last month – far below the ECB’s target level of just under 2 percent over the medium term.

Turning to the ECB’s plans to buy private sector assets, Constancio said the stock of covered bonds eligible for purchase by the central bank amounted to about 600 billion euros.

Around 400 billion euros ($506 billion) of asset-backed securities (ABS) qualify for purchase by the ECB under its new plan, he added.

“We are, of course, aware that the amounts that we will be able to buy will be lower than the theoretical amount,” he said.

via CNBC