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Added on the 22/01/2015 16:00:42 - Copyright : Reuters EN
The European Central Bank begins buying corporate bonds, hoping to convince companies to borrow and spend. As David Pollard reports it's the latest effort to revive rock-bottom inflation in the euro zone.
A European Central Bank bond-buying plan crafted at the height of the euro zone crisis is in line with European law, judges from the European Court of Justice have ruled, throwing their weight behind the ECB and rebuffing a German challenge. As Sonia Legg reports, the ruling comes at a key time for the euro zone, particularly Greece.
The final hurdle to QE in the eurozone appears to have been cleared. But as Hayley Platt reports an EU court adviser - ruling on the legality of the last bond-buying scheme - has set conditions which need to be taken into account in the future.
The European Central Bank will begin shrinking its enormous bond portfolio from March 2023, as part of efforts to fight high eurozone inflation, says ECB's president Christine Lagarde at a press conference in Frankfurt, Germany. SOUNDBITE
The European Central Bank unveils a new crisis-fighting tool to keep the borrowing costs of indebted eurozone governments like Italy under control as interest rates rise for the first time in a decade. Dubbed the "Transmission Protection Instrument (TPI)", the targeted bond-buying scheme "can be activated to counter unwarranted, disorderly market dynamics that pose a serious threat to the transmission of monetary policy across the euro area," says ECB President Christine Lagarde. SOUNDBITE by Christine Lagarde, President of the ECB