Will The ECB Start To Taper It's Bond Buying? [Video]

James Hughes AxiTrader UK

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.

Author

James Hughes

AxiTrader UK

James Hughes is Chief Market Analyst at AxiTrader. With over 15 years’ experience in the trading industry his knowledge of the financial markets and retail trading is second to none.

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