Article Tools

Nowotny: “ECB Uses Bond-Buying Program Extremely Cautiously”

Published: April 21, 2012; 15:27 · (Vindobona)

The governor of Austrian Central Bank (OeNB) Ewald Nowotny said the bank only buys government bonds in certain situations and with “extreme” caution.

Nowotny: “ECB Uses Bond-Buying Program Extremely Cautiously” / Picture: © Wikipedia / Christian Wirth (Wirthi)

“This program is not to be seen as a permanent feature of our tool box,” Nowotny said in an interview with Bloomberg News in Washington today. “We use it extremely cautiously and according to the specific situation” and it is not needed “for the time being.”

The Frankfurt-based ECB hasn’t bought any government bonds as part of its Securities Markets Program for five…

This article includes a total of 257 words.

or Log In