The European Central Bank outlined its plan to boost inflation. Policymaker Benoit Coeure said asset purchases were the central bank’s tool of choice to reach the ECB’s inflation goal of just under 2%

The European Central Bank outlined its plan to boost inflation. Policymaker Benoit Coeure said asset purchases were the central bank’s tool of choice to reach the ECB’s inflation goal of just under 2%

“In practice, purchases would naturally be linked to the interest rate maturities that are most important for firms’ and households’ investment and consumption decisions,” he said.

“In the euro area, this tends to be the intermediate to longer part of the yield curve,”

http://www.nytimes.com/reuters/2014/04/13/business/13reuters-ecb-assetbuys.html?ref=business&_r=0

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