Decision (EU) 2017/103 of the European Central BankShow full title

Decision (EU) 2017/103 of the European Central Bank of 11 January 2017 amending Decision (EU) 2016/948 on the implementation of the corporate sector purchase programme (ECB/2017/4)

Article 1U.K.Amendment

In Article 2 of Decision (EU) 2016/948 (ECB/2016/16), point 5 is replaced by the following:

‘5.Purchases of nominal corporate bonds at a negative yield to maturity (or yield to worst) equal to or above the deposit facility rate are permitted. Purchases of nominal corporate bonds at a negative yield to maturity (or yield to worst) below the deposit facility rate are permitted to the extent necessary.’.