What will I find in this section?
Technical terms, unfortunately, cannot always be avoided – particularly when it comes to complex topics such as monetary policy. This is why we have compiled a glossary with a wide range of terms, arranged in alphabetical order and each with a short explanation.
- ABCP (Asset-backed commercial paper)
- ABS (Asset-backed security)
- ABSPP (Asset-Backed Securities Purchase Programme)
- Act to Modernise Accounting Law (BilMoG)
- Annuity loan
- APP (Asset purchase programme)
- Asset-backed commercial paper (ABCP)
- Asset-backed security (ABS)
- Asset purchase programme (APP)
- Automatic stabilisers
- Autonomous factors
Asset-Backed Securities Purchase Programme (ABSPP)
The Asset-Backed Securities Purchase Programme (ABSPP) was adopted in conjunction with the Covered Bond Purchase Programme (CBPP) by the ECB Governing Council in September 2014. The purchase of ABSs on the primary and secondary market is intended to enhance the transmission of monetary policy, support provision of credit to the euro-area economy and, as a result, provide further monetary policy accommodation. The overarching aim is for inflation rates to return to levels closer to 2%.