ECB bought 14.296 billion euros in bonds last week compared to 17.792 billion the week before
The ECB buys 80 billion euros per month of bonds as part of its QE program.
This week's tally is the lowest since Sept 30. That may be related to holidays but you would expect the ECB to ramp up buying in the next few weeks with Christmas coming.
One of the questions about the Dec 8 meeting is whether anything will be decided at all. Last week, a 'sources' story said some members would now rather wait until January to decide on what to do next. The rise in global yields has opened up more supply so the urgency to loosen the capital key is diminished.
However, Draghi seemed to quash that in European parliament today.
"At our monetary policy meeting in December we'll assess the various options that would allow the Governing Council to preserve the very substantial degree of monetary accommodation necessary to secure the sustained convergence of inflation towards levels below but close to 2 percent over the medium term," Draghi said.
"This is a Governing Council decision that will be taken in December," he added in response to a parliamentarian's question.
