ECB Staff Said to Have Outlined EU500b Investment Grade QE Plan
2015-01-09 09:52:41.767 GMT
By Jana Randow and Alessandro Speciale
(Bloomberg) -- European Central Bank staff presented policy
makers with models for buying as much as EU500b of investment-
grade assets in meeting on Jan. 7, according to person who
attended Governing Council session.
* No decision was taken, meeting was to present options;
governors were asked not to reveal their opinions
* Presentations focused on govt debt purchases
* Options included setting monthly or total purchase targets
* Treatment of junk-rated debt such as Greek bonds not
addressed in presentation
* Person asked not to be identified because discussion was
private
* ECB spokesman declined to comment on council deliberations
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To contact the reporters on this story:
Jana Randow in Frankfurt at +49-69-92041-206 or
jrandow@bloomberg.net;
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
Paul Gordon, Jeff Black
2015-01-09 09:52:41.767 GMT
By Jana Randow and Alessandro Speciale
(Bloomberg) -- European Central Bank staff presented policy
makers with models for buying as much as EU500b of investment-
grade assets in meeting on Jan. 7, according to person who
attended Governing Council session.
* No decision was taken, meeting was to present options;
governors were asked not to reveal their opinions
* Presentations focused on govt debt purchases
* Options included setting monthly or total purchase targets
* Treatment of junk-rated debt such as Greek bonds not
addressed in presentation
* Person asked not to be identified because discussion was
private
* ECB spokesman declined to comment on council deliberations
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporters on this story:
Jana Randow in Frankfurt at +49-69-92041-206 or
jrandow@bloomberg.net;
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
Paul Gordon, Jeff Black