ECB’s Coene says there is “no concrete proposal” on corp bond buying

22 October 2014, 10:11
Francesco Sgarbossa
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  • “too early to say” on more ECB measures
  • ECB’s gov council member and Belgian central bank head Luc Coene quoted in L’Echo newspaper and on the wires a few moments ago

    EURUSD posted 1.2740 but back to 1.2735

    We haven’t talked about it seriously yet, but it is an element that has already been mentioned by some as one of the criticisms is that if we curtail ourselves to the current instruments and wish to reach the volumes that we have in mind, thst could mean having to pay very high prices

    To avoid that we could extend our interventions to other instruments, such as corporate bonds. This is the current discussion, but there is no concrete proposal on the table for the moment

    No smoke without fire and therefore suggesting it is indeed on the table imho

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