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The European Central Bank is reportedly considering buying corporate bonds on the secondary market, reports said Tuesday.
The central bank may take a decision regarding the matter as soon as December with an aim to start the purchases early next year, Reuters reported citing four unidentified sources familiar with the situation. All the four sources also confirmed to the news agency that such plans were being discussed.
The report also cited an ECB spokesman as saying that "the Governing Council has taken no such decision".
In reaction to the news, the euro weakened against major peers, while stock markets rallied.
On Monday, the ECB started buying covered bonds as per the bank's plan announced last month. The bank plans to purchase asset-backed securities later this year.
