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European Central Bank Could Pull Trigger on €500bn of Sovereign QE
ECB’s policymakers have been presented with a plan to purchase investment grade government debt to rescue deflationary eurozone, according to reports from Bloomberg
by Mehreen Khan
Telegraph.co.uk
The European Central Bank has been presented with a plan to buy up to €500bn of high-quality government debt as it mulls over how best to inject a fresh round of monetary stimulus into the ailing currency bloc.
Various quantitative easing proposals were put to the ECB, including the option to purchase investment-grade government assets, according to a person attending a governing council meeting on January 7 and quoted by Bloomberg.
There was no timescale indicated on the purchases, and the ECB’s board took no decision on the final design of the program at the end of the meeting, according to the report.
The governing council was also presented with models to buy lower-quality sovereign bonds rated at least BBB, or embark on monthly purchases smaller than €500bn.
Continue Reading at Telegraph.co.uk…
Source: http://financialsurvivalnetwork.com/2015/01/european-central-bank-could-pull-trigger-on-e500bn-of-sovereign-qe/?utm_source=rss&utm_medium=rss&utm_campaign=european-central-bank-could-pull-trigger-on-e500bn-of-sovereign-qe
