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July 27, 2012, 5:28 a.m. EDT

Bundesbank still opposes ECB bond buys: report

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By MarketWatch

EURUSD

FRANKFURT (MarketWatch) -- Germany's central bank on Friday said it still opposes government bond purchases by the European Central Bank but has no problem with tapping the euro-zone's temporary rescue funds to push down government borrowing costs, Dow Jones Newswires reported. The comments come a day after ECB President Mario Draghi made remarks viewed by economists as a signal the institution is prepared to resume bond purchases or take other steps to help bring down borrowing costs. A spokesman for the Bundesbank said the institution still sees further ECB bond purchases as "problematic," while purchases by the European Financial Stability Facility would be "unproblematic," the report said. The euro /zigman2/quotes/210561242/realtime/sampled EURUSD +0.3976% slipped to $1.2257 versus the dollar, down from $1.2284 late Thursday.

/zigman2/quotes/210561242/realtime/sampled
US : Tullett Prebon
1.0607
+0.0042 +0.3976%
Volume: 0.0000
May 23, 2022 3:30a
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