BREAKING : ECB Takes Step Toward Ending Its Stimulus Program - Kedai Saham
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Thursday, March 8, 2018

BREAKING : ECB Takes Step Toward Ending Its Stimulus Program

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

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