ECB to buy corporate bonds, euro retreats

The euro dropped against the dollar today after Reuters news agency issued data on the European Central Bank (ECB) studying the possibility of buying corporate bonds in the secondary market. The decision will be released next December.

The report issued by Reuters pointed out that ECB is considering a plan to buy company bonds, or corporate debt in order to help support the growth and strengthen the slowing inflation rates in the euro zone.

ECB spokesman confirmed that “the board of directors has made no decision yet on this matter.”

However, ECB is looking to dramatically expand its stimulus plans by addressing companies to support the euro zone and raise the slowing inflation rates.