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ECB to end bond buys, keep rates steady through next summer

Reuters  |  FRANKFURT 

By Balazs Koranyi and Francesco CanepaFRANKFURT (Reuters) - The European Central Bank said on Thursday it will end its unprecedented bond purchase scheme by the close of the year, taking its biggest step in dismantling crisis-era stimulus a decade after the start of the euro zone's economic downturn. Signalling that the move would not mean rapid policy tightening in the coming months, the bank also said that interest rates would stay at record lows at least through the summer of 2019, suggesting protracted support for the economy, even if at a lower level. Markets had been pricing in a 10 ...

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First Published: Thu, June 14 2018. 18:14 IST
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