'Potential sea change event': ECB to halve €60bn bond-buying programme

Reduced to €30bn-a-month

Tom Eckett
clock • 4 min read

The European Central Bank (ECB) has announced plans to cut back its €2trn quantitative easing programme from €60bn to €30bn a month of bond purchases from January 2018, but the scheme will be extended until September next year or longer if needed.

Bond purchases will continue at €30bn a month for nine months until September 2018 but the ECB said, if the outlook became "less favourable", its Governing Council could increase the asset purchasing programme once again. The ECB said in a statement: "From January 2018 the net asset purchases are intended to continue at a monthly pace of €30bn until the end of September 2018, or beyond, if necessary, and in any case until the Governing Council sees a sustained adjustment in the path of inflation consistent with its inflation aim." ECB President Mario Draghi added: "The recalibration i...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Why investors 'can't outrun' slow-moving demographics

Why investors 'can't outrun' slow-moving demographics

'Demographic change is a key megatrend'

Darius McDermott
clock 07 March 2024 • 5 min read
Spring Budget 24: Ten key takeaways from Jeremy Hunt's speech

Spring Budget 24: Ten key takeaways from Jeremy Hunt's speech

British ISA, Office for Budget Responsibility, tax cuts

Valeria Martinez
clock 07 March 2024 • 4 min read
Spring Budget 24: Chancellor unveils long-term UK growth plan

Spring Budget 24: Chancellor unveils long-term UK growth plan

Includes British ISA launch and further NI cut

clock 06 March 2024 • 1 min read