ECB mulling plans to announce size, duration of bond-buying scheme – Reuters
|Reuters is out with the latest headlines, citing that the European Central Bank (ECB) is evaluating whether to announce the size and duration of the bond-buying scheme at its next monetary policy meeting on July 21
This follows reports doing the rounds on Tuesday that the central bank will likely drain cash from the banking system to offset any bond purchases made to cap borrowing costs for indebted euro zone states.
The ECB is expected to announce the new anti-fragmentation tool on July 21 when it will deliver its first rate hike in more than a decade.
Market reaction
The shared currency is little affected by the above chatter, as EUR/USD keeps its range near daily lows of 1.0502, down 0.08% on a daily basis.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.