BREAKING : ECB Takes Step Toward Ending Its Stimulus Program
The European Central Bank took a small but significant step to scale back its large monetary stimulus, in an unexpected move that acknowledges the booming eurozone economy and brushes off concerns over a surging euro and the threat of global trade wars.
In a policy statement, the ECB dropped a long-held pledge to accelerate its €30 billion ($37 billion) monthly bond-buying program if the region's economy deteriorates.
The move sets the ECB firmly on course to phase out a historic stimulus program that is credited with reinvigorating growth in the 19-nation eurozone but has faced heavy criticism in the bloc's biggest economy, Germany.
Impact : Medium
Sentiment : Good for Euro
The European Central Bank took a small but significant step to scale back its large monetary stimulus, in an unexpected move that acknowledges the booming eurozone economy and brushes off concerns over a surging euro and the threat of global trade wars.
In a policy statement, the ECB dropped a long-held pledge to accelerate its €30 billion ($37 billion) monthly bond-buying program if the region's economy deteriorates.
The move sets the ECB firmly on course to phase out a historic stimulus program that is credited with reinvigorating growth in the 19-nation eurozone but has faced heavy criticism in the bloc's biggest economy, Germany.
Impact : Medium
Sentiment : Good for Euro
Contact Person :
Ghinie
HP : 082135656333
PIN : 2B8F7267
Email :kedaitrader@zoho.com
Website : www.kedaitrader.com
Ghinie
HP : 082135656333
PIN : 2B8F7267
Email :kedaitrader@zoho.com
Website : www.kedaitrader.com
Tidak ada komentar:
Posting Komentar