ECB staff told to prepare for further measures
Mario Draghi clarifies balance sheet target
The European Central Bank (ECB) kept its monetary policy stance unchanged today, but the governing council has tasked staff members with "ensuring the timely preparation of further measures to be implemented, if needed".
The ECB began buying covered bonds last month, and will start adding asset-backed securities (ABS) to its stock before the end of the year, but has stopped short of corporate or sovereign bonds.
ECB president Mario Draghi stressed the existing measures, which also includes a
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