PARIS: The Bank of France has bought around 18 billion euros ($19.5 billion) of assets under the European Central Bank’s quantitative-easing plans, the French central bank’s governor said.
Around EUR11 billion of the purchases are covered bonds bought under a program launched in October last year. The remainder is made up of EUR5.7 billion of French sovereign bonds and EUR1.4 billion supra-national European bonds bought under the program that began March 9, Christian Noyer said at a press conference to present the Bank of France’s annual results for 2014.
The Bank of France’s purchases are in with the ECB’s target of buying EUR60 billion bonds a month, Mr. Noyer said.
