The executive board of the European Central Bank (ECB) proposed a program of quantitative easing would consider buying bonds for about 50,000 million euros.
The executive board of the European Central Bank (ECB) proposed a program of quantitative easing would consider bond purchases by about 50,000 million euros (58,000 million) for at least a year, published on Wednesday Wall Street Journal.
The ECB declined to comment on the report, which the newspaper citing people familiar with the matter.
The Bloomberg reported separately an asset purchase 50,000 million euros per month focused in sovereign bonds, which would not start before March and lasted until the end of 2016.
The six-member executive board is the core of the 25 members of the Governing Board, which sets policies and will meet Thursday to decide if the bank initiates a program of quantitative easing, ie printing money to buy bonds.
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