ECB to continue QE but at reduced level

Bank leaves room to increase pace of asset-buying again if necessary

The European Central Bank in Frankfurt

The European Central Bank has announced plans to continue its measures to bring inflation in the euro zone economy higher.

In a statement after its latest meeting, the bank said it would continue its asset purchase programme,known as quantitative easing (QE), beyond March next year.

The bank, however, said it would buy assets at a reduced rate of €60 billion a month from April, down from the current €80 billion.

The ECB said ...