ECB buys corporate bonds - India hungry for foreign Investment
After previously sparking a mini tantrum in financial markets, the ECB has tried to play a balancing act, emphasizing improved growth while tempering expectations to avoid triggering serious market volatility.
The European Central Bank is buying bonds issued by non-bank corporations in the euro area. The bonds are the latest assets being snapped up by the central bank to combat sluggish growth and kickstart inflation.
The euro has hit a three-week low after the European Central Bank (ECB) chief said he saw no need to deviate from accommodative policies, including zero interest rates and massive bond-buying until the end of the year.
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