ECB sets secret limit on weekly bond-buying: report

18th November 2011, Comments 0 comments

The European Central Bank has secretly set a 20-billion-euro limit on its weekly purchases of sovereign bonds, the daily Frankfurter Allgemeine Zeitung reported on Friday, without revealing its source.

The limit has been set to assuage the concerns held by some of the ECB's governing council members about the bond purchase programme, launched over a year ago to help countries affected by the eurozone debt crisis.

Quizzed about the report at the European Banking Congress here, Bundesbank chief and ECB governing council member Jens Weidmann declined to comment.

© 2011 AFP

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