March 26, 2020 / 10:20 AM / 2 months ago

ECB's Vasiliauskas says OMT bond-buying scheme still in arsenal

FILE PHOTO: Lithuanian Central Bank governor Vitas Vasiliauskas attends a news conference in Vilnius, Lithuania June 6, 2019. REUTERS/Ints Kalnins/File Photo

VILNIUS (Reuters) - The European Central Bank could still buy the debt of countries that apply for financial help via Outright Monetary Transactions (OMT) even after announcing a separate crisis-fighting tool last week, ECB policymaker Vitas Vasiliauskas said on Thursday.

“OMT is part of the arsenal and could be used,” Vasiliauskas, who heads the central bank of Lithuania, told a news conference.

Reporting By Andrius Sytas; Writing by Francesco Canepa in Frankfurt; Editing by Toby Chopra

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