Asset Backed Securities Purchase Programme (ABSPP)

As outlined in “Decision ECB/2014/45, 19 November 2014” the ABSPP will:

• Further enhance the transmission of monetary policy 
• Facilitate credit provision to the euro area economy 
• Generate positive spill-overs to other markets
• Ease the ECB's monetary policy stance and contribute to a return of inflation rates to levels closer to 2%

The Eurosystem began purchases under ABSPP on 21 November 2014. 

All purchases under ABSPP are held on a full income and loss sharing regime, as is the case with most decentralised monetary operations.

FAQs related to the ABSPP can be found on the ECB’s website.