VIENNA: The European Central Bank said Thursday it will begin purchasing corporate bonds under its programme of quantitative easing, or QE, from next week.
"On June 8, the Eurosystem (of central banks) will start making purchases under its corporate sector purchase programme (CSPP)," the ECB said in a statement.
The statement was issued after the regular policy meeting of the ECB's governing council, held this time in Vienna rather than the normal home venue in Frankfurt.
The ECB had decided in March to widen its QE programme of sovereign bond purchases to include bonds issued by companies, as well as to launch a new programme of ultra-cheap loans, known as TLTROs.
The starting date for the TLTROs has now been set at June 22, the ECB said on Thursday.
Both measures are aimed at kick-starting inflation in the single currency area, which is stll in negative territory and a long way off the ECB's target of close to but just under 2.0 percent.
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