ECB ready to start its asset purchase programme

Source: BBC Business
© Scanpix/AP
After deciding to keep its benchmark interest rate at the level of 0.05%, the ECB revealed more details concerning its asset-backed securities purchase programme. ECB President Mario Draghi stated that the bank will commence purchasing covered bonds this present month and the rest of assets will be bought in the last three months of 2014, continuing in this manner for two years, hoping to add liquidity and lifting the dormant European economy. 
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