Monday June 1, 2020

ECB slows pace of QE, but keeps options open

Central bank outlines plans to wind down bond-buying programme and reassures on low interest rates

26th October, 2017
ECB announces QE decisions. Pic: Getty

After the latest meeting of the bank’s Governing Council, it said it would halve the amount of assets it buys from the current €60 billion a month to €30 billion from January. It will continue buying bonds at this rate until September next year.

ECB president Mario Draghi described the decision as “prudent”. It had been expected by economists, and stock and currency markets were little changed after the announcement.

The...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

The former NTMA head says he is ‘quite alarmed’ at the potential for legal actions over the large number of deaths in nursing homes during the crisis

Michael Brennan | 4 weeks ago

Oil storage in the self-styled ‘Pipeline Crossroads of the World’ is full to the brim, but the black stuff keeps on coming. With much of the world’s economy in a Covid-19 slowdown, at one point last week, benchmark US crude oil was priced at minus $37.63 a barrel

Barry J Whyte | 1 month ago

Every time Donald Trump spoke on the Covid-19 crisis last week, the stock markets plunged by another point

Marion McKeone | 2 months ago