Reports that ECB have prepared models for up to EUR500bn of asset purchases

FXStreet (London) - It has been reported that European Central Bank staff have presented policymakers with models for up to EUR500bn investment-grade assets.
According to reports, no decision has been taken but the documents were prepared to present options available to ECB council members.

Presentations are said to have focussed on government debt purchases with options including setting monthly or total purchase targets.

The ECB has thus far declined to comment on the council deliberations reported by Bloomberg.