When it does come time to end QE, Draghi efficiently dominated out the prospect of a unexpected stop to ECB bond-buying.
“I might say an abrupt finishing to bond purchases, I think it’s unlikely,” he stated.
Room to move
The ECB’s governing council saved its key hobby fees unchanged and made no adjustments to its monetary policy after a meeting on Thursday, in keeping with analysts’ expectancies that the bank will no longer take any fresh action before December.
Waiting until then might deliver the bank time to digest some fundamental events at the political time table, including america elections and a crunch referendum on constitutional reform in Italy on which Prime Minister Matteo Renzi has staked his profession.
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