ECB Has Started Bond Buying Program
The European Central Bank started itս Quantitative- easing program, which was designed to boost price growth in 19 Eurozone countries, which in the long term will bring economic growth.
The bank bought German and Italian governments bonds. They also purchased Belgian securities. The bond buying program has the expected effect and the market is very positive. The ECB warned that it had started purchases along with national central banks and the Bundesbak was the first costumer.
European Central Bank also said that only securities due between a minimum two years and a maximum 30 years at the time of purchase will be eligible, Bloomberg reports.
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