ECB extends asset purchase programme to March '17 or beyond
It also cuts key interest rate to -0.3%; leaves refinancing rate and marginal lending rate unchanged
Frankfurt
THE European Central Bank (ECB) adjusted its asset purchase programme (APP) also known as quantitative easing on Thursday, extending the scheme's duration into 2017 and agreeing to buy euro-denominated municipal and regional bonds, ECB president Mario Draghi said.
Purchases of mainly government bonds - at 60 billion euros (S$90.8 billion) a month - are now seen running until at least March 2017 instead of next September.
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