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Analysis: Bond markets look beyond easy ECB money to first rate rise

Reuters  |  LONDON 

By Dhara RanasingheLONDON (Reuters) - The timing of a European Central Bank rate rise is fast taking over as the main driver of borrowing costs in the euro area as investors begin to sense that the bank's massive stimulus scheme may end sooner rather than later.When the ECB said it would halve monthly bond purchases to 30 billion euros ($36 billion) from Jan. 1 but keep the scheme until Sept. 30, there was an expectation its asset buying would only be wound down gradually thereafter over a period of months.Given the ECB has said rates would remain unchanged until "well past" the programme had ...

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First Published: Mon, January 08 2018. 21:20 IST