The ECB is considering capping peripheral bond yields by stepping in to buy the debt when its...
The ECB is considering capping peripheral bond yields by stepping in to buy the debt when its spread to German paper rises above a certain threshold, reports Der Spiegel. Draghi has complained that monetary policy transmission is broken, i.e., the ECB eases yet financial conditions tighten further in the periphery - this gives him his opening to buy government debt. A decision could come at the bank's September policy meeting.
From other sites
at CNBC.com (Mar 16, 2015)
at CNBC.com (Mar 11, 2015)
at CNBC.com (Jan 15, 2015)
at MarketWatch.com (Jan 7, 2015)
at Benzinga.com (Jan 5, 2015)
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