ECB not weighing revamp of bond-buying formula: report
The European Central Bank isn't debating whether to change the rules governing purchases of government debt under its quantitative-easing plan, Reuters reported Friday. A Bloomberg report on Thursday said officials had discussed moving away from the current rules, which require the ECB to buy government debt in proportion to each country's size due to worries about a shortage of eligible German debt. The Reuters report, citing unnamed sources, said several other changes would be considered before making such a move due to worries about potential political objections, particularly from Germany. The ECB declined to comment, the report said.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.