Pantheon Macroeconomics - Yesterday's ECB meeting left investors with a lot of thinking to do. The central bank kept its key interest rate unchanged, but extended and tweaked its asset purchase program. QE was extended until December 2017, but the monthly pace of purchases will be reduced by €20B per month to €60B starting April next year.

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9 December. 2016 The ECB Sent a Dovish Signal Yesterday, QE is Here to Stay

By Claus Vistesen

Yesterday's ECB meeting left investors with a lot of thinking to do. The central bank kept its key interest rate unchanged, but extended and tweaked its asset purchase program. QE was extended until December 2017, but the monthly pace of purchases will be reduced by €20B per month to €60B starting April next year.

Posted: 8th Dec 2016 in 'Eurozone Documents'

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