ECB unveils details of bond purchase plans
The president of the European Central Bank (ECB), Mario Draghi, today (September 6) revealed details of plans to buy the sovereign debt of eurozone economies to address "severe distortions" in government bond markets.
The need for the plans was underscored by weak GDP data from the eurozone. The ECB warned that growth was predicted to be between -0.6% and -0.2% for 2012 and -0.4%–1.4% for 2013. "Growth momentum is expected to remain dampened," Draghi said today.
Under the bond-buying plans
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com