FXStreet (Barcelona) - The European Central Bank (ECB) achieved its EUR 60 billion QE target in March, after beginning the purchases on March 9th. As of 3rd April 2015, the public sector bond purchases total stands at EUR 52.5 billion, while the total asset-backed securities purchases stand at EUR 4.9 billion. The total covered bond purchases, which begun on Oct. 20th, 2014, stand at EUR 64.7 billion. Monthly purchases under the Expanded Asset Purchase Programme (EAPP) will amount to EUR 60 billion, intended to be carried out until at least September 2016 and in any case until the Governing Council sees a sustained adjustment in the path of inflation that is consistent with its aim of achieving inflation rates below, but close to, 2% over the medium term.

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