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ECB policymakers plot QE road map
By Claire Jones
Financial Times, London
Sunday, April 13, 2014
A European Central Bank policy maker has offered hints on how the eurozone's monetary guardians would embark on an asset-buying, or quantitative easing, programme to stave off low inflation.
Benoit Coeure, a member of the ECB's executive board who is seen as one of the officials closest to president Mario Draghi, indicated at the International Monetary Fund’s spring meetings in Washington that the central bank could buy a broad range of assets with maturities of up to 10 years.
While the ECB has used the US meetings to signal that eurozone policy makers would cut interest rates before resorting to QE, further falls in inflation would force the central bank to buy bonds outright. ...
... For the full story:
http://www.ft.com/intl/cms/s/0/d84f40e8-c32e-11e3-b6b5-00144feabdc0.html
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