The Trader 

Market Outlook: ECB bond buying ending soon

The Trader

At yesterday’s monetary policy meeting in Riga Mario Draghi, head of the European Central Bank, said that monthly purchases of sovereign bonds would be halved from September to €15 billion and phased out at year-end.  He also said that the key interest rate would remain at current levels ‘at least through the summer of 2019’.  Today, as expected, the Bank of Japan made no changes to its interest rate policy.

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