Germany to decide on ECB bond buying program in June
May 18, 2016 10:33 am
Germany’s constitutional court is poised to decide on the European Central Bank’s program to repurchase bonds of problematic member nations on June 21.
The Bundesverfassungsgericht will vote on the central bank’s Outright Monetary Transactions two days before the United Kingdom’s in/out referendum.
Earlier this year, the court convened to hear testimony from both parties but opted to delay the judgment until the summer season.
The ECB unveiled the OMT program in 2012, seeking to offer assistance to troubled EU nations who grapple with escalating borrowing rates.
The material has been provided by InstaForex Company – www.instaforex.com
Germany’s constitutional court is poised to decide on the European Central Bank’s program to repurchase bonds of problematic member nations on June 21.
The Bundesverfassungsgericht will vote on the central bank’s Outright Monetary Transactions two days before the United Kingdom’s in/out referendum.
Earlier this year, the court convened to hear testimony from both parties but opted to delay the judgment until the summer season.
The ECB unveiled the OMT program in 2012, seeking to offer assistance to troubled EU nations who grapple with escalating borrowing rates.
The material has been provided by InstaForex Company – www.instaforex.com
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