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ECB bond purchases capped at 20 billion euros per week
European Central Bank (ECB) bond purchases capped at 20 billion euros per week for now and do not consider broader measures after EU summit decision to create a tax union, said sources within the ECB.
"We anticipated a large part of the summit decisions. Do not believe that further deliberations," said one source.
Another source said that the limit for purchases of bonds will remain at established weekly in recent weeks, up to 20 billion euros.
"There will be some purchases, but not the extent expected by financial markets and media," said a second source.
ECB buying bonds on the secondary market to support the borrowing costs of euro area financial markets under pressure because of high indebtedness.
Euro area countries, together with other six countries, including Romania, will end up in March, an intergovernmental treaty that aims to strengthen and strong fiscal integrate EU, the European Council said in a statement. Other three countries, Hungary, Czech Republic and Sweden, accepted after Friday's negotiations to join the treaty, so the only EU state that Britain remained opposed, according to a project's final communiqué of the Summit.
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