ECB may announce huge bond-buying program
January 22 , 2015
The European Central Bank (ECB) is likely to start a large-scale bond-buying initiative to shore up the eurozone, media reports indicate. It is expected that ECB will announce to inject nearly €1 trillion in to the suffering economy of eurozone.
According to the reports, the asset purchasing could be up to €50 billion a month till the end of 2016, which is double the sum previously expected.
The program is also meant to tackle low inflation in the eurozone.
The Organisation for Economic Co-operation and Development (OECD) has asked the ECB to start unlimited bond-buying till the region’s economy starts improving.