• 321 days Will The ECB Continue To Hike Rates?
  • 322 days Forbes: Aramco Remains Largest Company In The Middle East
  • 323 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 723 days Could Crypto Overtake Traditional Investment?
  • 728 days Americans Still Quitting Jobs At Record Pace
  • 730 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 733 days Is The Dollar Too Strong?
  • 733 days Big Tech Disappoints Investors on Earnings Calls
  • 734 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 736 days China Is Quietly Trying To Distance Itself From Russia
  • 736 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 740 days Crypto Investors Won Big In 2021
  • 740 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 741 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 743 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 744 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 747 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 748 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 748 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 750 days Are NFTs About To Take Over Gaming?
Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

  1. Home
  2. Markets
  3. Other

Draghi Said to Hold Talks With Weidmann on ECB Bond Purchases

By Jana Randow and Matthew Brockett - Courtesy of Bloomberg News

European Central Bank President Mario Draghi will hold talks with Bundesbank President Jens Weidmann in the coming days in an effort to overcome the biggest stumbling block to a new raft of measures including bond purchases, two central bank officials said.

Having secured the backing of governments in Spain, France and Germany, Draghi is now seeking to win over ECB policy maker for a multi-pronged approach to reduce bond yields in countries such as Spain and Italy, the officials said on condition of anonymity because the talks are private.

Draghi's proposal involves Europe's rescue funds buying government bonds on the primary market, flanked by ECB purchases on the secondary market to ensure transmission of its record low interest rates, the officials said. Further ECB rate cuts and long-term loans to banks are also up for discussion, one of the officials said.

Click here to read the full story: http://bloom.bg/MQgPbb

 

Back to homepage

Leave a comment

Leave a comment