The European Central Bank - or ECB - holds eight policy setting meetings each year. Since 2009, the ECB has been engaged in corporate bond buying in a bid to stimulate economic growth across the Eurozone. Data suggests that with the economy now expanding, it’s time to wind in this bond-buying bonanza. Expectations are running high that on Wednesday, a timetable for tapering these purchases will be laid out. They could go from the current 30 billion Euros a month to zero by September. The Euro has already risen against the US dollar in anticipation of this. Any wavering over timelines by the ECB could knock the Euro.
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