The latest events in Frankfurt might have failed to match last month’s fireworks, but analysts are poring over the details of a new corporate bond-buying plan from the European Central Bank (ECB) that might just raise an eyebrow in the United States.
The central bank kept rates on hold Thursday, and the meeting lacked the surprise set of measures produced in March. However, it said it would start purchasing corporate bonds as part of its quantitative easing program in June. These purchases will take place in the primary and secondary markets but could include “debt instruments issued by corporations incorporated in the euro area whose ultimate parent is not based in the euro area.”
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