UPDATE 1-ECB's Lautenschlaeger casts doubts on QE's effectiveness

April 2, 2015 7:16 AM

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FRANKFURT, April 2 (Reuters) - European Central Bank Executive Board member Sabine Lautenschlaeger called into question the effectiveness of the ECB's bond-buying programme, according to an interview in German magazine Wirtschafts Woche.

Under the scheme, known as quantitative easing (QE), which began last month, the ECB aims to print money to purchase 60 billion euros ($64.87 billion) a month of mainly sovereign bonds.

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