ECB meets bond buying target of 60-B euros

FRANKFURT: The European Central Bank (ECB) said on Tuesday (Wednesday in Manila) it had met its monthly target of buying 60-billion euros ($65-billion) worth of bonds in March, the first month of its massive program to stimulate the eurozone economy and ward off deflation.

The nearly 61 billion euros in government and corporate debt purchased was a successful kickoff of the program to inject more than 1.1 trillion euros into the eurozone economy as some analysts had voiced doubts on whether the ECB would be able to buy enough assets or that it would be effective.