Linde says ECB’s stimulus package is ‘ambitious’
Low inflation reduces ‘the room for manoeuvre of monetary policy’, says Linde
Bank of Spain governor Luis Linde believes the European Central Bank's (ECB) decision to buy €60 billion worth of assets each month is an "ambitious" policy.
Speaking today at the Foundation for Financial Studies in Madrid, Linde said the Bank of Spain's preliminary estimates show the eurosystem will be buying a total of around €100 billion worth of Spanish government debt between March and September 2016.
The governor justified the ECB's quantitative easing program on the grounds that these are
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