The Corporate Sector Purchase Programme (CSPP)

As outlined in “Decision ECB/2016/16, 1 June 2016”

the CSPP will:

• Further strengthen the pass-through of the Eurosystem's asset purchases to the financing conditions of the real economy
• Provide further monetary policy accommodation
• Contribute to a return of inflation rates to levels below, but close to, 2% over the medium term

The Eurosystem began purchases under CSPP on 8 June 2016.

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

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