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ECB looks at corporate bond buys
21 Oct 2014 12:12
The European Central Bank is considering buying corporate bonds on the secondary market and may decide on the matter as soon as December with a view to begin buying early next year, sources familiar with the situation have told Reuters.
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The ECB has already carried out work on such purchases, which would widen out the private-sector asset-buying programme it began on Monday.
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The ECB is trying to encourage lending to businesses and thereby support the euro zone economy.
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"The pressure in this direction is high," said one person familiar with the work inside the ECB, speaking on condition of anonymity.
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Asked about the possibility of making such purchases, an ECB spokesman said: "The Governing Council has taken no such decision."
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The ECB's policymaking Governing Council could discuss the possibility of making such purchases at its December meeting, two of the four sources Reuters spoke to said.
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All four said such plans were being discussed.
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The policymakers could decide at the December meeting to go ahead with the purchases, but such a step is not certain.
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