SUBSCRIBERS

German court ruling on ECB powers calms bond markets

Move comes as investors brace for Britain's too-close-to-call referendum to leave EU

Published Tue, Jun 21, 2016 · 09:50 PM

London

A DECISION by Germany's top court to reject a challenge to an emergency European Central Bank (ECB) bond-buying scheme comforted bond markets on Tuesday as investors braced for Britain's too-close-to-call referendum on whether to stay in the European Union.

Conceived at the height of Europe's debt crisis in 2012, the Outr…