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.”

CNBC

Content 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 Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.

Former Craig

Former Craig

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.