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ECB may announce huge bond-buying program

  • 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.

     

    Tagged as: European Central Bank, ECB, bond-buying, eurozone, inflation, eurozone, economy, business news