No ECB Decisions Yet On Details Of Possible QE, Private Asset Buying Likely

wochit business
April 10, 2014 AT 12:31 PM
European Central Bank President Victor Constancio said Thursday the European Central Bank has not taken any decisions yet on the details of possible quantitative easing to prevent deflation, but it would likely include buying private assets. The ECB wants to keep inflation in the euro zone below, but close to 2 percent over a 18-24 month horizon. Yet price growth has remained below 1 percent year-on-year since October and in March slowed to 0.5 percent, raising concerns of deflation.