A top European Central Bank official has hinted that sovereign quantitative easing could start early next year, should the bank’s existing measures to stave off economic stagnation fall short.
Vitor Constâncio, ECB vice-president, said arguments that easing would not work in the currency bloc were “not well founded”.
The ECB is already buying covered bonds and asset-backed securities in a bid to swell its balance sheet by €1tn.
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