ECB said to be considering cutting QE to 30bn a month from January 2018

Author: Eamonn Sheridan | Category: Central Banks

European Central Bank

  • ECB said to consider extending QE until at least September 2018
Headlines via Bloomberg

More (again, via Bloomberg, citing "according to officials familiar with the debate"):
  • Reducing quantitative easing to 30 billion euros a month from the current pace of 60 billion euros is a feasible option, said the officials
  • the central bank's governors are split on the need to identify an end date for purchases, a pledge to keep buying bonds until September -- with the proviso that it could be extended if needed -- may offer grounds for compromise, they said.
Adds Bloomberg:
  • Council members have yet to officially discuss options
  • An ECB spokesman declined to comment
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EUR/USD is back on its earlier lows circa 1.1830 and just under