© Reuters. ECB holds, signals end of QE in December
Investing.com – The European Central Bank rates on hold on Thursday, in what was a widely anticipated decision and adjusted its forward guidance in its monetary policy statement.
The ECB said that it anticipates that its asset purchase program will end in December after halving to €15 billion per month from September 2018, from €30 billion at present.
Recent hawkish comments by ECB officials had boosted expectations for a shift in its forward guidance. ECB Chief Economist Peter Praet said last week that officials would debate whether to wind down the banks massive bond purchasing program later this year at todays meeting.
Most analysts had only expected a decision on the timing for ending the asset purchase program to come at the ECBs July meeting
Investors were awaiting the banks post policy meeting press conference for its view of the euro area economy and the strength of the euro.
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