European Central Bank Governing Council member Jens Weidmann warned the ECB in a newspaper interview not to go too far with its bond-buying program as this would have the same effect as buying government bonds directly from issuer countries.
“If the purchase volume becomes too large, the purchases will have an impact on the secondary market similar to that of direct purchases from the states that are forbidden for us,” Weidmann told Frankfurter Allgemeine Zeitung in an interview due to be published on Friday.
via Reuters
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