Loading ...ECB Unveils End Of QE: Will Halt Bond Purchases By End Of 2019; Keep Rates Unchanged Until Summer 2019
The beginning of the end of Europe’s QE is here.
As extensively previewed, jawboned and leaked, the ECB – which kept all of its rates unchanged as expected and as the ECB detailed, remain unchanged until the summer of 2019 – ended the drama over the end of its QE, and moments ago announced that while “the Governing Council will continue to make net purchases under the asset purchase programme (APP) at the current monthly pace of €30 billion until the end of September 2018, after September 2018 the monthly pace of the net asset purchases will be reduced to €15 billion until the end of December 2018 and that net purchases will then end, all of which of course is “subject to incoming data confirming the Governing Council’s medium-term inflation outlook.”