Note that the last observation for the euro area purchases is January 21, 2021. Data for Sweden and the euro area may also include inflation-protected securities. Last observation for government bonds outstanding is February 2021, except for the euro area, which is as of 2020Q3.
Last observation: for Sources: Bank of England, European Central purchases March 16, 2021; for outstanding, Bank, US Federal Reserve Bank, Bank of Canada, Sveriges Riksbank and Bloomberg February 2021  Whether you consider our holdings relatively large or relatively small depends on the metric you look at. Let me now turn to how these could evolve.