The European Central Bank (ECB) was unable to reabsorb €76 billion of bonds, Financial Times reports. Banks only offered €62 billion due to higher market interest rates.

Last week, the lender had also failed to reabsorb the required amount. In total, such operations have failed five times in the past year. The program has in effect been suspended and no additional buys have been made in the past five weeks.

Click here for the story from Financial Times.