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«AgroInvest» — News — ECB's Mario Draghi says Bank may intervene on bonds

ECB's Mario Draghi says Bank may intervene on bonds

2012-08-02 17:33:19

European Central Bank head Mario Draghi says the bank may intervene in the bond market to drive down countries' high borrowing rates.

Draghi said the bank could do that to drive down high bond interest rates that are out of line with ECB policies — including those of Spain and Italy. 

The bank "may undertake outright open market operations of a size adequate to reach its objective," he said. 

He added that eurozone officials should "stand ready" to also use their bailout fund in the bond market.

 

 

The Independent