The European Central Bank is expanding its bond-buying program as it winds down separate pandemic stimulus measures, diverging from the Fed
FRANKFURT—The European Central Bank said Thursday it would phase out an emergency bond-buying program while ramping up other stimulus measures, diverging from the Federal Reserve and underscoring the challenge facing policy makers as they balanceThe ECB said in a statement that it would end its €1.85 trillion emergency bond-buying program, equivalent to $2.1 trillion, as planned in March, but expand a separate bond-buying program next year.
The ECB said it would gradually scale down its bond purchases to €30 billion starting in July, and €20 billion from October. After that, the ECB said it would continue buying bonds at the same pace “for as long as necessary to reinforce the accommodative impact of its policy rates.” Investors will now turn to ECB President Christine Lagarde’s news conference, starting at 8:30 a.m. ET, for clues as to the timing of future interest-rate rises and the ECB’s support for highly indebted Southern European economies like Italy.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
5 Ways to Understand the U.S. Climb to 800,000 COVID DeathsGrappling with another horrifying milestone as the Omicron phase of the pandemic nears.
Les mer »
European Central Bank to end PEPP purchases in MarchThe European Central Bank on Thursday said it would further slow purchases of assets under its Pandemic Emergency Purchase Program, or PEPP, in the first...
Les mer »
In 2021, play became a way to think about lifeIf there's a defining medium of our still-uncertain pandemic age, it's games.
Les mer »
The Fed hints at multiple rate hikes in 2022 to combat inflationThe Federal Reserve will wrap up its pandemic-era stimulus program faster and expects to raise interest rates more in 2022 than projected in September.
Les mer »
House Speaker Nancy Pelosi opposes banning Congress members from owning individual stocks: 'We're a free-market economy'Speaker Pelosi dismissed the idea of banning congressional lawmakers and their spouses from owning stock shares of individual companies. “We’re a free-market economy,” Pelosi said. “They should be able to participate in that.” - CNBC
Les mer »
Federal Reserve sets stage for earlier, faster interest rate hikes as inflation soarsWith inflation surging, the Fed clears the way for earlier, faster rate hikes by accelerating wind-down of a bond-buying stimulus program.
Les mer »