The European Central Bank should start buying government bonds to tackle poor investor confidence and low inflation in the euro zone, governing council member Luc Coene said in an interview published on Saturday. The Belgian central bank chief said the bank had already waited too long, and that this could be one tool to spur economic activity in the 18-country euro zone and fight off deflationary pressures. "In this context, the purchase of sovereign bonds could prove to be an effective tool," he told La Libre Belgique. "Since the beginning of 2014, we have systematically underestimated deflationary effects...if we ... (full story)