lundi 23 mars 2015
Draghi Sees No Sign of Bond Shortage for ECB Debt-Buying Program
Posted on 09:21 by nice news
Mario Draghi pushed back against concerns that the European Central Bank’s quantitative-easing plan will be hampered by a shortage of bonds available to buy.
“We see no signs that there will not be enough bonds for us to purchase,” the ECB president said at a hearing on Monday at the European Parliament in Brussels. “Feedback from market participants so far suggests that implementation has been very smooth and that market liquidity remains ample.”
The Frankurt-based central bank started buying government debt this month to revive inflation. While the region’s recovery is being helped by cheap oil and a weak euro, Draghi is faced with a resumption of the crisis in Greece, with the country on the verge of a default that would shake the foundations of the single currency.
The ECB plans to buy 60 billion euros ($65.5 billion) a month of public-sector debt in a bid to revive falling prices in the euro area. The program is slated to last until September 2016, or until inflation is back on track toward the central ba
“We see no signs that there will not be enough bonds for us to purchase,” the ECB president said at a hearing on Monday at the European Parliament in Brussels. “Feedback from market participants so far suggests that implementation has been very smooth and that market liquidity remains ample.”
The Frankurt-based central bank started buying government debt this month to revive inflation. While the region’s recovery is being helped by cheap oil and a weak euro, Draghi is faced with a resumption of the crisis in Greece, with the country on the verge of a default that would shake the foundations of the single currency.
The ECB plans to buy 60 billion euros ($65.5 billion) a month of public-sector debt in a bid to revive falling prices in the euro area. The program is slated to last until September 2016, or until inflation is back on track toward the central ba
Draghi Sees No Sign of Bond Shortage for ECB Debt-Buying Program
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