European Central Bank Extends Stimulus Program Deep Into 2018
The European Central Bank left interest rates unchanged but announced significant changes to its quantitative easing program.
The European Central Bank said Thursday that it will trim the pace of its quantitative easing program, while keeping its key interest rates unchanged, and continue purchasing government, corporate and agency bonds deep into 2018.
"From January 2018 the net asset purchases are intended to continue at a monthly pace of €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 ECB said.
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