The European Central Bank has called time on its contentious experiment in bolstering its balance sheet to support the eurozone’s economy, confirming on Thursday that it will halt the expansion of its €2.6tn bond-buying spree at the close of the year.
The governing council said “the net purchases under the asset purchase programme . . . will end in December 2018.”
The central bank said it would continue to reinvest the proceeds of bonds bought under QE but which are now maturing.
More to come . . .
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