The European Central Bank will today flesh out details of its plan to buy bundles of loans sliced and diced and repackaged into products known as asset-backed securities, alongside covered bonds.
With growth stuttering and inflation falling to a five-year low, some fuel for the eurozone’s recovery is much needed.
The ABS plan could provide it, freeing up space on banks’ balance sheets to spur lending to the region’s businesses and households.
Why is the ECB doing this now? Read more