The European Central Bank (ECB) reaffirms its plans to taper off bond purchases.
ECB will keep on buying 30 billion euros of bonds every month until September-end, following which it’ll trim the amount to 15 billion euros per month starting October and finally stop making new purchases by the end of the year.
The decision comes amid euro-area’s economic rebound, increase in consumer confidence and strengthening corporate lending.
ECB’s stance might be expected to assuage ‘currency war’ fears, as the unwinding of bond purchases could potentially limit the euro’s slide or even bolster its value.