ECB drawing up plans for bond purchases: Draghi

Aug 2, 2012   //   by   //   Blog  //  No Comments

FRANKFURT (Reuters) – The European Central Bank will draw up a mechanism in the coming weeks to make outright purchases to stabilize stressed euro zone borrowing costs, ECB President Mario Draghi said on Thursday. "The Governing Council, within its mandate to maintain price stability over the medium term and in observance of its independence in determining monetary policy, may undertake outright …
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