ECB’s QE to be officially known as ‘public sector asset purchase programme’ (PSPP)

FXStreet (Mumbai) - European Central Bank's (ECB) quantitative easing program will officially be known as the "Public Sector Purchase Programme” or PSPP for short.

The ECB said in its decision published on March 5,
"On 22 January 2015, the Governing Council decided that asset purchases should be expanded to include a secondary markets public sector asset purchase programme (hereinafter the ‘PSPP’),”