Friday, May 14, 2010

ECB Keeps Markets ‘in the Dark’ About Government Bond Purchases - Bloomberg.com

This is bizarre.

No wonder the Euro is still tanking.

* * * * * J B K * * * * *

San Francisco

The European Central Bank stripped out details of its bond-purchase plan from a daily report on euro-region liquidity conditions, disguising the size of its market activity.

The ECB said in a market notice today that asset purchases were excluded from the category titled "Outstanding Open Market Operations." A central bank spokesman declined to comment. Executive Board member Jose Manuel Gonzalez-Paramo said yesterday the ECB won't say how much it bought when it announces details of how it plans to sterilize the purchases next week.

http://www.bloomberg.com/apps/news?pid=20601068&sid=aIqTHwkiTutA