Exclusive: ECB doesn't plan to use crisis-era OMT bond scheme against coronavirus - sources

FRANKFURT (Reuters) - The European Central Bank has no plans to deploy its OMT emergency bond purchase scheme and sees it as an inappropriate tool to fight the coronavirus crisis, two sources familiar with the bank's thinking said on Thursday.Designed at the height of the euro zone's debt crisis, the Outright Monetary Transactions (OMT) scheme would allow the ECB to make unlimited purchases of a particular country's debt. Some officials, both in Brussels and at the ECB, are making the case for..