Eurozone’s central bank leaves interest rates unchanged but slows pace of asset purchases from €80bn a month to €60bnThe European Central Bank has vowed to continue with its programme of electronic money printing to shore up the eurozone recovery but surprised financial markets by reducing the amount of stimulus it expects to provide each month.
The single currency bloc’s central bank left interest rates unchanged and said it would continue its programme of quantitative easing (QE) to next December or beyond “if essential”, marking an extension to its previous guidance that the scheme would escape until the cessation of March.
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Source: theguardian.com