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ECB's Coene: No concrete plan for buying corporate bonds

FXStreet (Łódź) - ECB Governing Council member Luc Coene said in an interview on Wednesday that no tangible plan of corporate bond purchases has been worked out yet.

"If we limit ourselves to buying covered bonds and asset backed securities there is a risk that we would pay too high a price. We can prevent that by also buying corporate bonds," Coene said. "But there is no concrete proposal for that on the table."

The ECB started buying covered bonds this week and will also launch ABS purchases before the end of the year.

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