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News - Media Releases 2016

05/09/2016

Public Sector Purchase Programme – Reverse Auctions

The Central Bank of Malta will be holding reverse auctions under the Public Sector Purchase Programme (PSPP) on a trial basis with the first auction scheduled to be held on Wednesday 7 September. The PSPP is a European Central Bank (ECB) programme, whereby the ECB and Eurosystem national central banks purchase public-sector assets, with the aim to fulfil the ECB's price stability mandate.

The Bank will use reverse auctions to purchase selected Malta Government debt securities. All eligible counterparties will be able to participate in the auctions which will normally be held on a Wednesday, unless announced otherwise on the Bank's website.

Further details on the reverse auction mechanism can be found on the Central Bank of Malta's website.

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