Michael Woolfolk's outlook on ECB's bond buying programme
PUBLISHED ON: September 6, 2012 | Duration: 24 min, 47 sec
The ECB has agreed to a new bond-buying programme to lower borrowing costs for struggling Eurozone countries. The central bank has announced unlimited bond purchases, European markets closed near the high of the day. On Nasdaq Live, Michael Woolfolk, a currency strategist at BNY Mellon Global Markets, discusses this development with NDTV's Namrata Brar.