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Purchasing foreign currency would be perfectly legal for the ECB.
Purchasing foreign currency would be perfectly legal for the ECB.
(FRED LUM/THE GLOBE AND MAIL)

Economy Lab Roundup: ECB’s currency option for QE

A European Central Bank version of quantitative easing (QE) could look very different from the now-familiar model used by the U.S. Federal Reserve Board, economist Carl Weinberg says. To wit, the ECB’s asset purchases might not be in the form of government bonds at all – but rather, gold and currencies.