ECB bond-buying scheme to start on Monday
Central bank will purchase sovereign debt until at least September 2016
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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 will on March 9, 2015 start purchasing euro-dominated public sector securities in the secondary market. We will also continue to purchase asset-backed securities and covered bonds which we started last year," ECB president Mario Draghi told a news conference after the bank's policy meeting in Cyprus.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
