The Traderszone Network

Published in TZ Latest News 6 October, 2014 by The TZ Newswire Staff

ECB policymakers at odds over ABS purchase plan

FRANKFURT/PARIS (Reuters) – The European Central Bank’s unprecedented decision to use outside help for new asset purchases is stirring conflict among policymakers, highlighting the difficulty for the ECB of considering even more extreme policy action. ECB President Mario Draghi outlined last week new programs under which the euro zone’s central bank will buy asset-backed securities, which repackage bank loans, and covered bonds, secured on solid assets such as property, starting within weeks.

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