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

Dhwani Mehta FXStreet

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

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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