Watch out US—Draghi’s QE Is Coming Your Way

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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Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.