ECB studying new bond-buying programme

The plan will both replace the existing crisis tool and complement an older, open-ended quantitative-easing scheme that’s currently acquiring €20bil (US$23.1bil or RM96.64bil) in debt every month, said the officials

FRANKFURT: The European Central Bank (ECB) is reviewing a new bond-buying programme to prevent any market turmoil when emergency purchases get phased out next year, according to officials familiar with the matter.

The plan will both replace the existing crisis tool and complement an older, open-ended quantitative-easing scheme that’s currently acquiring €20bil (US$23.1bil or RM96.64bil) in debt every month, said the officials, who asked not to be identified because the discussions were confidential.