ECB weighs options for ending QE programme with short taper in 2018
Frankfurt
EUROPEAN Central Bank (ECB) policymakers implicitly assume their newly extended bond-buying programme will be tapered to a halt by the end of next year so long as the inflation outlook improves, according to officials with knowledge of the discussions.
The Governing Council, which met on Thursday, focused on the first nine months of next year for its quantitative-easing programme and didn't formally debate options for what to do after that, said the people, asking not to be named because the talks are private. While tapering would be possible, extending the programme without changing the pace of purchases is also a credible option if inflation doesn't show…
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
UK wage growth and services inflation too high for rate cut, BOE’s Greene says
US to reduce licensing by 80% for UK, Australia to boost Aukus
IMF tells Asian central banks not to follow Fed too closely
UN chief warns Mideast on brink of 'full-scale regional conflict'
IMF boss says ‘all eyes’ on US amid risks to global economy
UK financial sector seeks stronger accountability of regulators