You are here

ECB bond-buying scheme to start on Monday

Central bank will purchase sovereign debt until at least September 2016

BT_20150306_NAHECB6_1547617.jpg
"We will also continue to purchase asset-backed securities and covered bonds," said Mr Draghi

Nicosia

THE European Central Bank said it will start its new government bond-buying programme on March 9, hoping that pumping new cash into the sagging eurozone economy will boost growth and lift inflation.

The ECB will purchase sovereign debt until at least September 2016. "We