Monetary policy decisions, October 2014

Speaking at a news conference in Naples, following the monthly meeting of the European Central Bank's governing council on 2 October 2014, ECB President Mario Draghi said that the Bank would buy covered bonds and asset-backed securities (ABS) in the final three months of 2014.

Mr Draghi also confirmed that the bank would loosen its rules to buy securities with junk ratings issued by Greek and Cypriot banks, but only if the countries stick to their bail-out programmes.

• Primary Source

ESO: Background information: Monetary policy decisions, September 2014 http://www.europeansources.info/record/monetary-policy-decisions-september-2014/

EUObserver, 03.10.14: ECB announces €1 trillion bond-buying plan http://euobserver.com/news/125882

EUObserver, 01.10.14: ECB to change rules to buy Greek, Cypriot debt http://euobserver.com/news/125834

The Guardian, 02.10.14: ECB president stung by austerity critics as Naples hit by protests http://www.theguardian.com/business/2014/oct/02/ecb-criticism-mario-draghi-naples

Deutsche Welle, 02.10.14: ECB to launch asset buying this month http://dw.de/p/1DOyl

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