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Market Extra: 5 key takeaways from the ECB’s decision to wind down its massive bond-buying program

Mario Draghi is presumably pleased with the market reaction to the European Central Bank’s decision Thursday to go ahead and detail its plans to end its massive bond-buying program while also signaling that it isn’t about to start lifting interest rates as soon as the purchases stop.

Indeed, it was the ECB’s pledge to keep rates at present levels “at least through the summer of 2019 and in any case for as long as necessary to ensure that the evolution of inflation remains aligned with the current expectations of a sustained adjustment path” that appeared to make all the difference.

See:ECB plans to end its massive bond-buying program in December

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