Central banks

ECB Has Green Light to Buy Gov't Bonds from Troubled States

The European Central Bank (ECB) has the right to buy government securities from EU members undergoing a financial crisis, a Luxembourg court has ruled.

Under its newly-adopted arrangements the ECB, which oversees the single currency (euro) will be able to buy, in case of need, an unlimited number of securities.

Greece, bond purchases to top agenda at ECB meeting

The European Central Bank, bolstered by the success of its controversial bond purchase programme, will pledge to keep it in place while downside risks to economic growth remain, analysts said.

The ECB's decision-making governing council is scheduled to meet on Wednesday but is unlikely to announce any new policy moves, central bank watchers predicted.

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