ECB governing council members disagreed over QE, minutes show

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The European Central Bank, Frankfurt

Some members of the European Central Bank’s governing council disagreed with its decision to resume buying eurozone government bonds, minutes of its last meeting show.

The minutes said that “a clear majority of members” agreed with the proposal to re-start government bond purchases at €20 billion per month. The ECB’s president Mario Draghi and its chief economist Philip Lane are strong supporters of the proposal.

The governing council members who supported the move backed ECB staff analysis of

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