OECD tells ECB: Launch 'unlimited' bond buying

clock

The European Central Bank(ECB) should launch an "unlimited" bond buying programme to help stem the eurozone debt crisis, according to the secretary-general of the OECD.

Despite opposition to the plan from within the ECB and especially Germany, Angel Gurria was clear such a step should be taken, the Telegraph reports.  "If you have the ECB which can work in the markets in order to bring down maturities then why not?" he told a conference in Slovenia. "The system is at stake, the euro should not be put at risk ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Europe

European Central Bank on track for June rate cut as key inflation metric eases

European Central Bank on track for June rate cut as key inflation metric eases

Services prices decelerate in April

Valeria Martinez
clock 30 April 2024 • 1 min read
FundCalibre's Schooling Latter: The shifting sentiment in Europe

FundCalibre's Schooling Latter: The shifting sentiment in Europe

Portfolio picks

Juliet Schooling Latter
clock 27 March 2024 • 4 min read
Timing of ECB rate cuts in doubt as core eurozone inflation measure disappoints

Timing of ECB rate cuts in doubt as core eurozone inflation measure disappoints

Services price inflation remains sticky

Valeria Martinez
clock 01 February 2024 • 1 min read
Trustpilot