ECB to Start Corporate Bond Buying in June as It Expands QE
Euro Area Will Have Low Inflation for a Long Time: Draghi
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The European Central Bank said it plans to start buying corporate bonds in June as it unveiled more details of its purchase program.
The bank will start acquiring corporate debt maturing between six months and 30 years, according to a statement. Purchases will include bonds issued by insurance companies, while excluding those sold by banks, ECB President Mario Draghi said in a press conference on Thursday.