Draghi: ECB Will Reach QE Target

European Central Bank President Mario Draghi said he’s confident that his bond-buying program will hit its targets in the first month of operation.

“We count on reaching” the target of 60 billion euros ($65 billion) though the operation only started March 9, Draghi told Italian lawmakers in Rome on Thursday. “All feedback we have from markets tell us that there are no difficulties in carrying out these operations.”

The central bank started a quantitative-easing program this month that aims to buy 1.1 trillion euros of public-sector bonds by September 2016. The monthly target includes programs of asset-backed securities and covered bonds that have been under way since 2014.

Bloomberg

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.