ECB Executive Board proposal circulated to Governing Council foresees asset purchases of 50 billion euros a month through the end of 2016, according to two euro-area central-bank officials who have seen the document.
- Purchases would be focused on sovereign bonds and would not start before March, according to one official
- Officials asked not to be identified because proposal is confidential
- ECB spokesman declined to comment
- NOTE: Policy makers due to begin meeting later today; ECB President Mario Draghi to announce Governing Council decision at press conference tomorrow at 2:30 p.m. Frankfurt time
ECB Said to Propose QE of 50 Billion Euros a Month Through 2016
2015-01-21 14:36:05.537 GMT
By Alessandro Speciale
(Bloomberg) -- ECB Executive Board proposal circulated to
Governing Council foresees asset purchases of 50 billion euros a
month through the end of 2016, according to two euro-area
central-bank officials who have seen the document.
* Purchases would be focused on sovereign bonds and would not
start before March, according to one official
* Officials asked not to be identified because proposal is
confidential
* ECB spokesman declined to comment
* NOTE: Policy makers due to begin meeting later today; ECB
President Mario Draghi to announce Governing Council
decision at press conference tomorrow at 2:30 p.m. Frankfurt
time
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To contact the reporter on this story:
Alessandro Speciale in Frankfurt at +49-69-9204-1201 or
aspeciale@bloomberg.net
To contact the editors responsible for this story:
Fergal O’Brien at +44-20-3525-7152 or
fobrien@bloomberg.net
Jana Randow, Jeff Black
2015-01-21 14:36:05.537 GMT
By Alessandro Speciale
(Bloomberg) -- ECB Executive Board proposal circulated to
Governing Council foresees asset purchases of 50 billion euros a
month through the end of 2016, according to two euro-area
central-bank officials who have seen the document.
* Purchases would be focused on sovereign bonds and would not
start before March, according to one official
* Officials asked not to be identified because proposal is
confidential
* ECB spokesman declined to comment
* NOTE: Policy makers due to begin meeting later today; ECB
President Mario Draghi to announce Governing Council
decision at press conference tomorrow at 2:30 p.m. Frankfurt
time
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Alessandro Speciale in Frankfurt at +49-69-9204-1201 or
aspeciale@bloomberg.net
To contact the editors responsible for this story:
Fergal O’Brien at +44-20-3525-7152 or
fobrien@bloomberg.net
Jana Randow, Jeff Black