Cypriot bonds in Eurosystem drop to €6.38 billion

The value of Cypriot bonds held by the Eurosystem has decreased to €6.38 billion as the European Central Bank (ECB) continues its balance sheet reduction under its tightening monetary policy.

These bonds, held through the Public Sector Purchase Programme (PSPP) and the Pandemic Emergency Purchase Programme (PEPP), represent 28 per cent of the Republic of Cyprus’ issued debt.

As of mid-August, the balance of Cypriot bonds in the PSPP portfolio stood at €3.99 billion, marking...