Draghi commits to buying junk ABS

Tom Porter

October 02, 2014 03:00 PM

European Central Bank cuts interest rates to historic low — President of the European Central Bank (ECB) Mario Draghi speaks during a press conference in Frankfurt am Main, Germany, 05 June 2014. The European Central Bank cuts interest rates to an historic low of 0.15 per cent to spur economic growth and bank lending. Photo: ARNE DEDERT/dpa | Arne Dedert/DPA/Press Association Images

European Central Bank president Mario Draghi brought his determination to buy Greek and Cypriot ABS into the public sphere on Thursday as he said the intention was to include sub-investment grade paper in the purchase programme in a bid to make it as inclusive as possible.

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Tom Porter