ECB to End QE Program in December

June 14, 2018 Share Print 0

The European Central Bank (ECB) has confirmed it will end a huge programme to stimulate the eurozone economy in December.

The ECB will stop its bond-buying scheme, worth €30bn a month, as long as economic data remains favourable.

The move is a major step towards dismantling the policies brought in to stabilise the eurozone in the wake of the financial crisis.

However, the ECB said it was keeping interest rates on hold for now.

In a statement, the bank said: “The governing council will continue to make net purchases under the asset purchase programme at the current monthly pace of €30bn until the end of September 2018.”

via BBC

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.