Is There a New Bond Buying Program?

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Going into this week's meeting, there was some chatter about creating a new bond buying program. And that's part of the reason that the market reacted in the way it did. In order to lay out a new program, they need to be talking about buying bonds at exactly the same time as ending their current bond purchase program. It feels like quite a contradictory aime. If they're too explicit, if they say, you know, we're going to announce a new program that will focus perhaps on italian or other economically fragile countries, that could provoke a bit of a back clash in northern europe.

US consumer prices are set to have registered another large monthly advance, the European Central Bank has paved the way for a series of rate rises, and China is offering coronavirus vaccine insurance in an effort to win over sceptics and boost the vaccination rate.

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ECB plans quarter-percentage point rate rise in July as ultra-loose policy ends

China offers Covid vaccine insurance to win over jab sceptics

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.

Read a transcript of this episode on FT.com

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