ECB Looking At Corporate Bond Buys, Could Move As Soon As December - Sources
Sources say the ECB is looking at corporate bond buys.The ECB has already carried out work on such purchases, which would widen out the private-sector asset-buying program it began on Monday - stimulus it is deploying to try to foster lending to businesses and thereby support the euro zone economy. One person familiar with the work inside the ECB, speaking on condition of anonymity said, "The pressure in this direction is high." Asked about the possibility of making such purchases, an ECB spokesman said: "The Governing Council has taken no such decision."
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