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
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
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