ECB risks running out of bonds to buy unless rewrites rules

February 23, 2016 4:11 PM

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LONDON, Feb 23 The European Central Bank could run out of government bonds to buy within a year if it does not relax its own restrictions on purchases, dealing a blow to its mission to boost growth in the euro zone and lift inflation.

The central bank may have to consider measures such as scrapping its ban on buying bonds yielding less than its deposit rate or even extending the scheme to include corporate debt, particularly if it increases the size of the 60 billion euros ($66 billion) a month programme, as some analysts expect.

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