ECB says it has no set limit to bond-buying

There is no limit to the European Central Bank's bond-buying programme, the bank said yesterday, a day after France's President Francois Hollande announced Europe's debt crisis was over.

The German newspaper Frankfurter Allgemeine Sonntagszeitung yesterday quoted central bank sources as saying the bank had set a limit of €524 billion (HK$5.38 trillion) on the Outright Monetary Transactions scheme.

The bank had also informed Germany's constitutional court, which will weigh the scheme's legality on Tuesday and Wednesday, of that limit, it said.

via Business feed http://www.scmp.com/business/economy/article/1257401/ecb-says-it-has-no-set-limit-bond-buying