German judges partly dismiss ECB QE case

Market news

5 May 2020

German judges partly dismiss ECB QE case

The judges reach a 7-1 ruling in the ECB QE case
German judges in ECB case say some actions are unconstitutional
German top court says ECB's bond purchase scheme partially violates constitution
German top court says some ECB action held illegal, not valid in Germany
ECB decisions are not backed by EU treaty

United Kingdom: Purchasing Manager Index Services, April 13.4 (forecast 12.3)

ECB governing council member Weidmann: A rapid and strong economic recovery is quite unlikely

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