FOREX TradingCharts.com

Financial News: ECB To Trim Asset Purchases From Jan 2018,

ECB To Trim Asset Purchases From Jan 2018, Extends For 9 Months

10/26/2017 - 08:07:00 (RTTNews)

(RTTNews) - The European Central Bank said on Thursday that it will reduce the size of its monthly asset purchases to EUR 30 billion from the start of next year and will continue them at least till September, in line with economists' expectations for a "lower for longer" tapering.

"Purchases under the asset purchase programme (APP) will continue at the current monthly pace of EUR 60 billion until the end of December 2017," the bank said.

"From January 2018 the net asset purchases are intended to continue at a monthly pace of EUR 30 billion until the end of September 2018, or beyond, if necessary, and in any case until the Governing Council sees a sustained adjustment in the path of inflation consistent with its inflation aim."

The Governing Council, led by ECB President Mario Draghi, kept all its three interest rates unchanged for a twelfth consecutive policy session.

The main refi rate was held at a record low zero percent and the deposit rate at -0.40 percent. The marginal lending facility rate was kept at 0.25 percent.

The ECB also retained the guidance on both interest rates and asset purchases.

"The Governing Council continues to expect the key ECB interest rates to remain at their present levels for an extended period of time, and well past the horizon of the net asset purchases," the bank said.

"If the outlook becomes less favourable, or if financial conditions become inconsistent with further progress towards a sustained adjustment in the path of inflation, the Governing Council stands ready to increase the APP in terms of size and/or duration," the ECB added.

Draghi is set to hold his customary post-decision press conference at 8.30 am ET when he will detail the rationale behind the latest policy decisions.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Leading Economic Index Jumps Much More Than Expected In October (06 hr(s), 0 min(s),40 sec(s) ago)
(RTTNews) - With the impact of recent hurricanes dissipating, the Conference Board released a repo ...Full Story»

ECB's Draghi Says October Decisions To Preserve Monetary Stimulus (06 hr(s), 33 min(s), 40 sec(s) ago)
(RTTNews) - Eurozone's economic recovery remains strong, but inflation is yet to show a sustai ...Full Story»

Australia's Christmas Spending Likely To Be Tepid (07 hr(s), 29 min(s), 40 sec(s) ago)
(RTTNews) - Despite a hotly retail high season, the early signs are not promising for Australia ...Full Story»

Eurozone Export Growth Likely To Accelerate In Coming Months (10 hr(s), 04 min(s), 40 sec(s) ago)
(RTTNews) - Growth in Eurozone export volumes may accelerate in the coming months despite the appr ...Full Story»

Major European-Based Companies Positive On Global Business Outlook (10 hr(s), 12 min(s), 40 sec(s) ago)
(RTTNews) - Major European-based companies were positive about the global business outlook, accord ...Full Story»

Australia's Wage Growth Set To Remain Weak (10 hr(s), 32 min(s), 40 sec(s) ago)
(RTTNews) - Australia's wage growth is likely to continue its slowing trend in the near term, ...Full Story»

Chile CB Unlikely To Loosen Policy In The Near Term (10 hr(s), 46 min(s), 40 sec(s) ago)
(RTTNews) - Chile's central bank is unlikely to loosen monetary policy over the next three to ...Full Story»

RBA's Kearns Says Impact Of Foreigners' Investment On Housing Cycle Unclear (10 hr(s), 59 min(s), 40 sec(s) ago)
(RTTNews) - Reserve Bank of Australia's Head of Financial Stability Jonathan Kearns, said purc ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Leading Economic Index Jumps Much More Than Expected In October

11/20/2017 - 10:12 AM (RTTNews)
(RTTNews) - With the impact of recent hurricanes dissipating, the Conference Board released a repo ...Full Story>>

ECB's Draghi Says October Decisions To Preserve Monetary Stimulus

11/20/2017 - 09:39 AM (RTTNews)
(RTTNews) - Eurozone's economic recovery remains strong, but inflation is yet to show a sustai ...Full Story>>

Australia's Christmas Spending Likely To Be Tepid

11/20/2017 - 08:43 AM (RTTNews)
(RTTNews) - Despite a hotly retail high season, the early signs are not promising for Australia ...Full Story>>

Eurozone Export Growth Likely To Accelerate In Coming Months

11/20/2017 - 06:08 AM (RTTNews)
(RTTNews) - Growth in Eurozone export volumes may accelerate in the coming months despite the appr ...Full Story>>

Major European-Based Companies Positive On Global Business Outlook

11/20/2017 - 06:00 AM (RTTNews)
(RTTNews) - Major European-based companies were positive about the global business outlook, accord ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.