ECB Bond Purchases Don't Violate EU Ban on Monetary Financing - Adviser to EU Court

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4 October 2018

ECB Bond Purchases Don't Violate EU Ban on Monetary Financing - Adviser to EU Court

EU Court Will Rule Later on Legality of ECB Bond Purchases
German Court Had Suggested ECB Bond-Buying Program Might Be Illegal
Bond-Buying Program Doesn't Exceed Powers of ECB

The U.S 10-year Treasury note yield rose 5.7 basis points to reach 3.216% early Thursday, extending its moves to the highest rates since 2011, a day after marking its largest one-day yield climb since March 2017

ECB's QE program is in line with EU law - EU court aide

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