ECB bond buys to top €1tn

The European Central Bank (ECB) discussed a bond purchase programme with a volume of more than €1 trillion at its meetings this week, the German newspaper Frankfurter Allgemeine Zeiting (FAZ) reported yesterday.

“It concerned an extension of the balance sheet by more than the €1tn that has been talked about in public,” the FAZ reported, citing an insider from the Eurosystem of eurozone central banks.

The ECB governing council met on Wednesday and Thursday.