FRANKFURT, Aug 20 (Reuters) - The European Central Bank on Monday sought t
o quash speculation about the shape its planned bond-buying programme will take, saying that it is misleading to talk about decisions not yet taken.
Over the weekend, German magazine Der Spiegel said the ECB is considering setting interest rate thresholds for any purchases of struggling euro zone country's bonds so that it would buy such bonds if their interest rates exceeded a certain premium over German bonds.
'It is absolutely misleading to report on decisions, which have not yet been taken and also on individual views, which have not yet been discussed by the ECB's Governing Council, which will act strictly within its mandate,' an ECB spokesman said.
'As far as recent statements by government officials are concerned, it is also wrong to speculate on the shape of future ECB interventions. Monetary policy is independent and undertaken strictly within the ECB mandate.'
(Reporting by Sakari Suoninen and Marc Jones) Keywords: ECB/BONDBUYS
COPYRIGHT Copyright Thomson Reuters 2012. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Datafeed and UK data supplied by NETbuilder and Interactive Data.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk!
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.