ECB to End Bond-Buying Program in December as Crisis-Era Policies Wind Down

RIGA, Latvia—The European Central Bank laid out plans Thursday to wind down its €2.5 trillion ($2.9 trillion) bond-buying program by December, but said it didn’t expect to raise rates “at least through the summer of 2019.”

The move draws a line under a contentious policy that at times divided the ECB’s rate-setting committee and provoked sharp criticism from public officials in the currency bloc’s biggest economy, Germany.

The…

https://www.wsj.com/articles/ecb-to-end-bond-buys-as-crisis-policies-wind-down-1528977227?mod=fox_australian

Share this:

Be the first to comment

Leave a Reply

Your email address will not be published.


*