ECB debt buying plan suffers fresh setback
May 04, 2011 at 08:45 AM EDT
ECB debt buying plan suffers fresh setback Another silly headline that completely misses the point of monetary operations. The ‘debt buying plan’ is a purely technical move to do what is called ‘offset operating factors’ as a means to hitting the ECB’s interest rate targets. The quantity of securities offered to do this is entirely inconsequential. [...]