ecb did not discuss winding down bond purchases
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
Arab Today, arab today

ECB did not discuss winding down bond purchases

Arab Today, arab today

Arab Today, arab today ECB did not discuss winding down bond purchases

Frankfurt am Main economy
Frankfurt am Main - Arab Today

 ECB chief Mario Draghi on Thursday denied the bank was preparing to wind down its massive bond-buying programme, a crucial part of its unprecedented stimulus efforts to bolster the euro area's still fragile recovery.

"Tapering has not been discussed," Draghi told reporters after the bank surprised markets by announcing an extension of the asset-purchasing scheme until December 2017, but at a lower pace of 60 billion euros a month from April instead of the current 80 billion.

 
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