Pension fund response to ECB purchases

News - January 2021 - No. 1

Authors Danmarks Nationalbank
Subject Central rate; The ECB and monetary policy; Monetary policy; Fixed-exchange-rate policy; ECB
Type News
Year 2021
Published 26 January 2021
Abstract icon In early 2015, when the European Central Bank (ECB) began purchasing government bonds issued by euro area countries, Danish pension funds sold off the bonds purchased by the ECB to buy Danish bonds. Changes to the ECB's monetary policy stance are important to Danmarks Nationalbank and Danish monetary policy.