ECB May Purchase Covered Bonds

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Duration: 3:19
Source: CNBC
Found: Jun 4, 2009

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The European Central Bank is expected to keep rates at 1% Thursday. But all eyes will be on ECB President Trichet’s plans to purchase covered bonds. The proposed amount of $85.7 billion is "significant for the ECB" which has never used quantitative easing before, Michael Mewes from JPMorgan Asset Management said.
Language: English
Category: Business
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Country: United States


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