FRANKFURT (MNI) – The European Central Bank has not set a volume
for its bond-buying programme and the final amount will depend on its
effectiveness, ECB Executive Board member Lorenzo Bini Smaghi said in an
interview with German daily Boersen-Zeitung on Wednesday.
“The volume will depend on the result” of the programme, Bini
Smaghi said. The success will be measured by the return to liquidity on
the market segment and not by any particular price target, he added.
“We want liquid markets in which suppliers and buyers come together
and reach an equilibrium price,” he said. “We are not aiming for
specific prices, surcharges or ceiling prices.”
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[TOPICS: MGX$$$,MT$$$$,M$$CR$,M$X$$$,M$$EC$]
