ECB cuts rates and launches asset purchases
Governing council moves to address slide in inflation expectations
The European Central Bank (ECB) unveiled a plan to buy asset-backed securities (ABSs) and covered bonds today, as it made a 10-basis point cut to each of its key interest rates.
Mario Draghi, the ECB president, admitted there was disagreement among the members of the governing council over the measures, but said they were approved by a "comfortable" majority.
"Some of our governing council members were in favour of doing more; some were in favour of doing less. Our proposals strike the mid-road
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