Bank’s Posen stoutly defends ECB bond purchases


Adam Posen, a member of the Bank of England’s Monetary Policy Committee, on Monday endorsed the European Central Bank’s (ECB) recent foray into secondary markets and roundly dismissed the argument that such actions necessarily undermine a central bank’s credibility.

In remarks at a conference in New York, Posen said that staunchly refusing to intervene in debt markets “for appearance’s sake alone, regardless of the economic circumstances, is a sign of immaturity or insecurity, not indepen

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: