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ECB's Quantitative Easing Program Is Open-Ended, Visco Says
The European Central Bank's asset-purchase program will continue past September 2016 if it hasn't met its inflation objectives by then, Governing Council member Ignazio Visco said.
Swedish central bank should consider weakening currency: Borg
(Reuters) - Sweden's central bank should consider steps to weaken the crown to keep the economy competitive after the European Central Bank launched substantial bond-buying on Thursday, former finance minister Anders Borg told Reuters.
Borg, in government until last year and now chair of the Global Financial System Initiative at the World Economic Forum, said the currency was arguably too strong for the good of the economyand the Riksbank had tools to act.
Oil Climbs as Saudi King's Death Spurs Policy Speculation
Oil rose after the death of King Abdullah of Saudi Arabia, the biggest producer in the Organization of Petroleum Exporting Countries.
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