Looking inside ourselves and out at the world
Independent and neutral with regard to all political and religious orientations,® aims to promote awareness of the major democratic principles on which tolerance is based.

ECB Will Start Buying ABS, Covered Bonds in October

The European Central Bank will start buying securitized loans and covered bonds next month to help unblock lending in the euro zone, ECB President Mario Draghi said on Thursday. “The Governing Council decided to start purchasing non-financial private sector assets,” Draghi told his monthly news conference after the ECB unexpectedly cut interest rates to new record lows. He said the bank would buy broad portfolios of simple and transparent asset-backed securities and of euro-denominated...

Read complete article
© Voice of America -

Follow us on ...
Facebook Twitter