HAMBURG, Germany (MNI) – The European Central Bank will present
details on its new bond-buying program following its Governing Council
meeting on September 6, ECB Executive Board member Joerg Asmussen said
Monday.
“On how exactly we will do this, I will ask for patience until
September 6,” Asmussen said when asked about the potential scope of new
bond market interventions. It will take another few days to work out a
program that everyone will be satisfied with, he explained.
A recent media report citing ECB sources and suggesting that the
ECB will wait until Germany’s Constitutional Court ruling on September
12 before announcing details had raised concerns that the central bank
may not deliver on September 6.
While Asmussen was not ready to give details of the discussion, he
reminded that ECB President Mario Draghi “did not say that bond buys
will be limited.”
–Frankfurt newsroom +49 69 72 01 42; e-mail jtreeck@mni-news.com
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