Friday, 27 March 2015

Money printing already helping recovery, says Draghi

Bond-buying by ECB will reinforce the euro zone's economic recovery, says Mario Draghi

European Central Bank President Mario Draghi said he’s confident that his bond-buying program will hit its targets in the first month of operation, according to a media report.

Bond-buying by ECB will reinforce the euro zone's economic recovery, Draghi told Italian lawmakers in Rome on Thursday.

The central bank started a quantitative-easing program this month that aims to buy 1.1 trillion euros of public-sector bonds by September 2016. The monthly target includes programs of asset-backed securities and covered bonds.

The ECB said on Monday that it had settled public-sector purchases of 26.3 billion euros as of March 20 

No comments:

Post a Comment