Arab Today, arab today ecb meets bond buying target
Last Updated : GMT 04:30:09
Arab Today, arab today
Arab Today, arab today

ECB meets bond buying target

Arab Today, arab today

Arab Today, arab today ECB meets bond buying target

European Central Bank (ECB)
Frankfurt - AFP

The European Central Bank said Tuesday it had met its monthly target of buying 60 billion euros ($65 billion) worth of bonds in March, the first month of its massive programme to stimulate the eurozone economy and ward off deflation.
The nearly 61 billion euros in government and corporate debt purchased was a successful kickoff of the programme to inject more than 1.1 trillion euros into the eurozone economy as some analysts had voiced doubts on whether the ECB would be able to buy enough assets or that it would be effective.
"With the first month of its expanded asset purchase programme complete, the ECB can look back at a success," said Berenberg bank economist Christian Schulz.
"The operational implementation has been smooth and the policy effectiveness probably exceeded the ECB’s own expectations," he added, noting borrowing costs have dropped and spreads between what eurozone core and periphery nations pay to borrow had narrowed.
He also noted that the euro’s nominal effective exchange rate is trading 11 percent below its average in 2013 and 2014, and economic confidence indicators have rebounded.
The ECB launched its bond buying programme on March 9, joining the central banks of Britain, Japan and the United States in using so-called quantitative easing (QE) to boost their economies.
As of March 31 the ECB had bought 47.36 billion euros in sovereign debt, 12.4 billion in covered bonds and 1.2 billion in asset-backed securities, a spokesman told AFP.
Schulz said "this strong implementation, especially given that the ECB only started the sovereign purchases on 9 March, should dispel fears that the ECB will not find enough sellers for its purchases."
Given many pension and investment funds have to hold certain percentages of sovereign bonds, some analysts were concerned that the ECB would not be able to purchase sufficient amounts.
The ECB hopes that the QE programme will boost growth as well as return inflation to positive territory and towards the central bank's target of around 2 percent.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ecb meets bond buying target Arab Today, arab today ecb meets bond buying target

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ecb meets bond buying target Arab Today, arab today ecb meets bond buying target

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today EasyJet, Lufthansa among seven to bid

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today 3,250 people killed in Raqqa battle

GMT 03:49 2017 Wednesday ,18 October

3,250 people killed in Raqqa battle
Arab Today, arab today Iran's Facebook shuts down

GMT 23:50 2017 Monday ,16 October

Iran's Facebook shuts down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Anoshka happy for reactions to her talk show

GMT 12:33 2017 Friday ,13 October

Anoshka happy for reactions to her talk show
Arab Today, arab today India to close colonial-era military farms

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:55 2017 Thursday ,12 October

Safaa Sultan happy for “Love School”

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:02 2017 Saturday ,14 October

Conservation cutbacks put Brazil's

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 12:25 2017 Saturday ,14 October

Squeeze on UK health gives advanced

GMT 07:02 2017 Sunday ,15 October

German minister sparks uproar

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday