Government Bonds

Dáil Éireann Debate, Tuesday - 19 June 2018

Tuesday, 19 June 2018

Questions (154)

Michael McGrath

Question:

154. Deputy Michael McGrath asked the Minister for Finance the amount of the €57.6 billion of Government bonds to be refinanced over the next five years held by the Central Bank as part of the ECB's asset purchase programme; the amount of these bonds held by other eurozone central banks as part of the programme; the amount of these bonds held directly by the European Central Bank as part of the programme; and if he will make a statement on the matter. [26624/18]

Written answers

Minister for Finance

I have been advised by colleagues in the Central Bank of Ireland that the Eurosystem does not publish details of the holdings of individual bonds under the Public Sector Purchase Programme (PSPP).

The cumulative monthly net purchases of Irish Government bonds by the Eurosystem (ECB and Central Bank of Ireland) as part of the Public Sector Purchase Programme (PSPP) stood at €27,614 million.

This book value is referenced on the ECB website, where there is a table with a breakdown of debt securities under the PSPP under the section on Monetary Policy, subsection Asset purchase programmes. This page is accessible by use of the following link:

http://www.ecb.europa.eu/mopo/implement/omt/html/index.en.html#pspp