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...
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