The Business Times
business-time-50
SUBSCRIBERS

EU's highest court backs 2012 bond-buying plan

It says programme does not exceed ECB powers in relation to monetary policy

google-preferred-sourceAdd BT as a preferred source
Published Tue, Jun 16, 2015 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    Luxembourg

    THE European Central Bank's (ECB) 2012 bond-buying programme won the backing of the European Union's highest court, expanding ECB president Mario Draghi's crisis-fighting arsenal.

    The EU Court of Justice (ECJ), in a ruling in Luxembourg on Tuesday, said that the Outright Monetary Transactions (OMT) programme doesn't exceed the powers of the ECB in relation to monetary policy.

    ECB

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    DBS filed the bankruptcy application after serving statutory demands to the directors of Autobahn Rent A Car in December 2025.

    Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS

    Tthe Bond franchise has spanned over 60 years, grossing more than US$7 billion at the global box office, making it one of the most successful ever.

    Amazon’s MGM Studios gains creative control over ‘James Bond’ franchise

    The acquisition of Citigroup's retail banking businesses in Indonesia, Malaysia, Thailand and Vietnam has helped double UOB’s customer base across the four markets.

    UOB’s Wee Ee Cheong says S$4.9 billion Citi deal ‘paying off’ as Asean push accelerates

    Property-based taxes may have limited room to run – and pushing them further risks hitting the wrong people, observers say.

    In taxing wealth, how far can Singapore push property owners?

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More