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Definition | : | Securities Markets Program |
Category | : | Business » Finance |
Country/ Region |
: | European Union
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Popularity | : |
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Type | : |
Initialism
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Securities Markets Program (SMP) was a bond-buying program implemented by the European Central Bank (ECB) in 2010 in response to the Eurozone debt crisis.
SMP was designed to support euro area financial stability by purchasing government bonds of euro area countries, thereby increasing demand and lowering borrowing costs.
The full form of SMP is Securities Markets Program
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