The European Central Bank is
preparing to outline a massive sovereign bond purchase program,
known as quantitative easing, as early as its next regular
meeting on Thursday, an ECB official was quoted as saying on
Friday to the French newspaper Liberation. The ECB is studying
QE experiences in the United States and Britain, said Benoît
Coeuré, "to determine the amount of bonds to buy". The aim is to
restore inflation, which is now hovering near zero in parts of
the eurozone, to the bank's 2% target.
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