• Programmes will last at least two years • Will enhance transmission of monetary policy, support provision of credit to the euro area economy and, as a result, provide further monetary policy accommodation • Eurosystem collateral framework is guiding principle for eligibility of assets for purchase Asset purchases to start in fourth quarter 2014, starting with covered bonds in second-half of October The Governing Council of the European Central Bank (ECB) today agreed key details regarding the operation of its new programmes to buy simple and transparent asset-backed securities (ABSs) and a broad portfolio of ... (full story)