Investing.com - Minutes from the European Central Bank's January policy meeting released Thursday showed that most members of the Governing Council saw introducing a quantitative easing program to ward off deflation and spur economic activity as the only available option.
According to the minutes, a large number of council members were in favor of buying government debt. The minutes showed that one member urged to consider buying corporate bonds if more QE was needed.
EUR/USD was trading at 1.1361 from around 1.1367 ahead of the release of the data, while EUR/GBP was at 0.7364 from 0.7366 earlier.
Meanwhile, European stock markets remained mixed. The EURO STOXX 50 rose 0.1%, France's CAC 40 advanced 0.3%, while Germany's DAX shed 0.1%, while London’s FTSE 100 dipped 0.1%.
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ECB minutes show most members saw QE as only available option
Published 02/19/2015, 07:34 AM
ECB minutes show most members saw QE as only available option
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