ECB said to be considering cutting QE to 30bn a month from January 2018

Bloomberg quoted the officials familiar with the debate on the ECB’s QE programme, citing that the ECB is said to be considering cutting QE to 30bn a month from January 2018.

Meanwhile, Bloomberg noted that the Council members have yet to officially discuss options.

Key Points:

ECB said to consider extending QE until at least September 2018

Officials noted that reducing the quantitative easing to 30 billion euros a month from the current pace of 60 billion Euros is a feasible option

The central bank's governors are split on the need to identify an end date for purchases, a pledge to keep buying bonds until September -- with the proviso that it could be extended if needed -- may offer grounds for compromise, they added.

An ECB spokesman declined to comment

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 securities. 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 Forex 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.