In March 2016, the Governing Council of the ECB also included corporate bonds in the expanded asset purchase programme. The purchases are carried out by six national central banks, including the Bank of Finland, acting on behalf of the Eurosystem.
Is recovery a myth?
The natural rate of interest – a useful but uncertain indicator for the economy
Why are euro area loans to non-financial corporations growing so slowly?
In spite of an accommodative monetary policy and a general economic recovery, growth of loans to non-financing corporations has remained weak in the euro area. The consistently poor growth is largely due to real estate market bubbles in a few countries, which then burst as a result of the financial crisis.