Oct. 28 (Bloomberg) -- The European Central Bank bought fewer government bonds this week.
The Frankfurt-based ECB said it settled 4 billion euros of bond purchases in the week through today, down from 4.5 billion euros last week.
The central bank will take seven-day term deposits from banks on Oct. 31 to absorb the 173.5 billion euros of liquidity created since its bond program started on May 10, 2010, a practice it employs to ensure the purchases don’t fuel inflation.
The ECB will observe a public holiday on Oct. 31, when it would normally have published weekly figures for the Securities Markets Program.
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