OECD urges ECB to step up quantitative easing

AFP, Thursday 6 Nov 2014

The OECD said Thursday that the European Central Bank should step up its support for the eurozone economy which it said poses a major risk to world growth.

The ECB "should expand its monetary support beyond currently announced measures ... This should include a commitment to sizable asset purchases ("quantitative easing") it said in a report as the central bank was holding its monthly monetary policy meeting at which it was not expected to announce any new measures.

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