The ECB is not considering adding to the bond purchase plan announced last week at its monthly meeting, executive board member Gonzalez-Paramao says. The ECB is still deciding how to buy the EUR 60 bln in covered bonds and how to fund them. Rates, as of now, are appropriate at 1%, he says. 2010 will be very weak in terms of growth, he forecasts.
EUR/USD is firm in its range, trading now at 1.3610.