FRANKFURT: The European Central Bank (ECB) has unexpectedly reduced its asset buys, but reserved the right to increase purchases once again, a decision that may be seen as a concession to conservative eurozone members such as Germany.
The ECB will reduce its asset buys to 60 billion euros from next April from the current 80 billion euros, maintaining the buys until the end of the year.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!