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.


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