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ECB Monetary Policy Meeting Account: there is no need to increase its bond-buying programme
The European Central Bank's (ECB) its minutes of March meeting on Thursday. According to the minutes, the ECB said in its minutes that there is no need to increase its bond-buying programme. The central bank added that it could adjust its bond-buying programme if needed.
The ECB wants to "look through recent volatility in financial markets and maintain a steady monetary policy course.
"As stated on previous occasions, the design of the APP (Asset Purchase Programme) provided sufficient flexibility for it to be adapted if circumstances were to change and should the need arise," the central bank said.
The ECB Chief Economist Peter Praet said that Eurozone's economy continued to improve.
The ECB decided on January 22 to launch an expanded asset purchase programme of 60 billion euro a month starting from March 2015 until September 2016.
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