Skip to content
Subscriber Only

ECB Under Fire as Critics of Bond-Buying Plan Reach EU Court

  • EU judges told bank overstepped its powers in breach of Treaty
  • QE tool breaches ECB’s monetary policy mandate, opponents say
Video player cover image
Downward Pressure on Inflation to Keep ECB Rates Low, Economist Says
Updated on

Critics of the European Central Bank’s quantitative-easing program accused the Frankfurt-based institution of overstepping its powers with “opaque and omnipotent activities” as their fight against the controversial policy reached the European Union’s highest court.

At a packed hearing, the key question the EU Court of Justice must weigh is whether the ECB’s quantitative-easing policy falls within the bank’s mandates defined in the bloc’s law.