Bank of Estonia purchased €2bn in bonds in 2016 ({{commentsTotal}})

Business
Business

The Bank of Estonia purchased nearly two billion euros' worth of bonds as part of its asset purchase program in 2016, 125 million euros' worth of which were purchased in December.

The total volume of the central bank's loan portfolio was 3.2 billion euros at the end of 2016, the Bank of Estonia announced. Elering bonds made up 62 million euros of this total.

The purpose of central banks in the eurozone purchasing bonds is to direct the money of investors who hold government bonds into the private sector in order to make borrowing more favorable for businesses and private individuals.

Editor: Editor: Aili Vahtla



{{c.alias}}
{{c.createdMoment}}
{{c.body}}
{{cc.alias}}
{{cc.createdMoment}}
+{{cc.replyToName}} {{cc.body}}
No comments yet.
Logged in as {{user.alias}}. Log out
Login failed

Register user/reset password

Name needs to be fewer than 32 characters long
Comment needs to be fewer than 600 characters long
{{comment.captcha.word.answer}}

news.err.ee

Opinion
Independence Day: Estonia’s way into the future isn’t a race

There is a lack of connection between the Estonian state, and the people who live here. While it expects a lot of the state, Estonian society doesn’t seem ready to contribute, writes Viktor Trasberg.

Lotman: Security academy would be crucial Estonian identity point in Narva

In an opinion piece published by Eesti Päevaleht, Tallinn University professor Mihhail Lotman found it important to overcome the mental barrier separating Ida-Viru County from the rest of Estonia.