ECB to End QE Program in December

The European Central Bank (ECB) has confirmed it will end a huge programme to stimulate the eurozone economy in December.

The ECB will stop its bond-buying scheme, worth €30bn a month, as long as economic data remains favourable.



The move is a major step towards dismantling the policies brought in to stabilise the eurozone in the wake of the financial crisis.

However, the ECB said it was keeping interest rates on hold for now.

In a statement, the bank said: “The governing council will continue to make net purchases under the asset purchase programme at the current monthly pace of €30bn until the end of September 2018.”

via BBC