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ECB cuts size of asset buys to 60b euros but extends duration till end-2017

Markets had expected it to stay at 80b euros for 6 more months

Published Thu, Dec 8, 2016 · 09:50 PM

Frankfurt

THE European Central Bank unexpectedly reduced its asset buys on Thursday but reserved the right to increase purchases once again, a decision that may be seen as a concession to conservative eurozone members such as Germany.

The ECB will reduce its asset buys to 60 billion euros (S$92 billion) from next April from the curren…

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International

International

ECB cuts size of asset buys to 60b euros but extends duration till end-2017

International

US Senate has agreement on Fisa reauthorisation, will vote on Friday night, Schumer says

US expects to finalise new Aukus trade exemptions in next 120 days

IMF concerned about debt, fiscal challenges facing low-income countries

Bank of Japan’s Ueda says ‘very likely’ to hike rates if inflation keeps rising

Colombian fund managers eye US$750 million fee bonanza after senators tweak pension bill

Fed survey cites inflation, US election as key financial stability risks

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