Asset-Backed Securities Purchase Programme (ABSPP) - Financial definition
Concise definition of the term Asset-Backed Securities Purchase Programme
The ABSPP is a program which the ECB set up in 2014 and which consists of the purchase by the latter of asset-backed securities in the primary and secondary markets. Its declared objectives are the reinforcement of the transmission of the ECB's monetary policy, the facilitation of the credit supply for the economies of the Eurozone, further quantitative easing and a raise of the inflation rate closer to the target value of 2%.