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ECB to start ABS purchases in November with help from asset managers

30/10 16:35 CET

ECB to start ABS purchases in November with help from asset managers

By Kathrin Jones and Eva Taylor FRANKFURT (Reuters) - The European Central Bank hired four major asset managers to carry out from November its purchases of securitised private debt, one of the stimulus measures the bank hopes will stave off deflation in the euro zone. The ECB said on Thursday it had chosen Deutsche Bank ING, State Street and Amundi to support its efforts to buy asset-backed securities. The …

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