The European Central Bank made an expected shift towards a more restrictive monetary policy today, announcing after its Governing Council meeting a faster cut in its quantitative easing programme APR, which may be completed in the third quarter of the year. The ECB also assures that it will do what is necessary to achieve the inflation target.
Regarding the APP bond purchase programme, the ECB has decided to cut the amount of bonds it will buy each month for the coming months, with the aim of possibly ending the programme sometime in the third quarter of the year.
(CNA)
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