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WASHINGTON: The European Central Bank could not rely solely on purchases of asset-backed securities (ABS) if it resorts to unconventional steps to boost inflation, given the limited supply of the securities, ECB President Mario Draghi said on Saturday.
FRANKFURT: The European Central Bank left interest rates unchanged on Thursday, holding its nerve in the face of uncomfortably low inflation though it may unleash other measures to pep up a fragile euro zone recovery.
BRUSSELS: Greece will fail to reduce its debt burden to a manageable level by 2020 with current policies, European Central Bank policymaker Joerg Asmussen told Belgian daily De Tijd, forecasting the target set by creditors will be widely missed.
FRANKFURT: European Central Bank is closer to lowering interest rates than at any time since it last cut them in July 2012 and is likely to shave a quarter-point off at its policy meeting next week.
LONDON: An all-time low for euro zone money market rates bolstered the region's bond rally and held down the euro on Tuesday, providing clear evidence that the European Central Bank's latest support measures are gaining traction.
TOKYO, Nov 7 (Reuters) - Asian stocks got off to sluggish start on Thursday as investors hunkered down to take the latest pulse on the U.S. economy and implications for the Federal Reserve's easy money policy, while the euro perked up ahead of the European Central Bank meeting.