Halister News

(Bloomberg) -- ECB’s Governing Council member Ardo Hansson tells reporters in Tallinn that he favors corporate bond buying plan as it could have “much stronger” impact on real economy.

• “I myself have been in favor of this measure, perhaps more than others” as its impact “could be much stronger” than other measures per billion euro spent, says Hansson, who’s also governor of Estonian central bank
• His support for corporate bond purchases stems from fact that it “goes straight from central bank to target group, which are the corporations”
• ECB can’t talk of “specific targets for such purchases yet”
• “This is a new program, we will have to see how this affects the market. As we haven’t come out with a target for corporate bond purchases, this can be then adjusted”