ECB Holds, Signals End of QE in December

Home Investment ECB Holds, Signals End of QE in December
ECB Holds, Signals End of QE in December

© Reuters. ECB holds, signals end of QE in December – 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.

This is a breaking news story; please refresh the page for updates.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Leave a Reply

Your email address will not be published.