NICOSIA (Reuters) – The European Central Bank will begin to make purchases of government bonds on the secondary market as part of the quantitative easing program next Monday, March 9. He said the President Mario Draghi at the press conference at the end of today’s meeting of the board of the ECB, which took place in Nicosia. Dragons then confirmed that purchases of government will be conducted until September 2016, and “in any case, until you observe a sustained adjustment” nell’andamento inflation. The number one of the central bank points out that there is no reason to believe or anticipate any changes to the current commitment to buy assets for 60 billion per month until September 2016 and beyond if necessary. The bond purchases, said Draghi, may be also performed at negative rates as long as they are not less than the scheduled date of the ‘deposit facilities’. In the meantime continue purchases of covered bonds and securitization (Abs), added the president, announcing the publication of a press with details of QE at the end of the press conference. EXPECTED GRADUAL STRENGTHENING ECONOMY The monetary measures taken, said Draghi, will contribute substantially to the return of inflation to the target. More …
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