The beginning of the end of European QE

26 October 2017

 

The ECB has announced it will begin a reduction in its asset purchase programme (APP) in 2018. The decision has been expected since hints were dropped by various ECB officials around the middle of this year. Even so, the announcement was viewed as particularly dovish and German, U.K and French bond yields fell while the euro fell against major currencies. The Governing Council of the ECB will reduce the pace...

read full story