ECB Leaves Charges on Maintain as It Affirms Bond Taper Plan

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FRANKFURT—The European Central Financial institution confirmed plans to steadily section out simple cash on Thursday however stated it might in all probability preserve charges regular by means of subsequent summer season, underscoring a rising coverage divergence with the U.S. Federal Reserve.

In a coverage assertion Thursday, the ECB stated it expects to section out its €30 billion ($35 billion) a month bond-buying program by December and change its focus to rates of interest. Its deposit fee was held Thursday at minus zero.four%, the place it has been since March 2016.



Supply hyperlink – https://www.wsj.com/articles/ecb-leaves-rates-on-hold-as-it-affirms-bond-taper-plan-1532605915?mod=pls_whats_news_us_business_f

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