This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.bbc.co.uk/news/business-41762464

The article has changed 5 times. There is an RSS feed of changes available.

Version 0 Version 1
ECB to taper €60bn bond buying programme ECB to halve €60bn bond buying programme
(35 minutes later)
The European Central Bank (ECB) will cut back its stimulus scheme that has been running since 2015. The European Central Bank (ECB) will cut back its scheme designed to boost the economies of the eurozone.
From January of next year it will reduce the amount of assets it buys every month to €30bn from the current level of €60bn.From January of next year it will reduce the amount of assets it buys every month to €30bn from the current level of €60bn.
The programme, which aimed to fend off the threat of eurozone deflation and help boost employment, will finish altogether by the end of next year. The programme, which aimed to fend off the threat of eurozone deflation and help boost employment, could finish by the end of next year.
Inflation is likely to be below the 2% ECB target for the next few years.Inflation is likely to be below the 2% ECB target for the next few years.
Analysts say that ECB President Mario Draghi has been signalling this move for some time. The ECB said the reduced programme will run to the end of September 2018, "or beyond, if necessary".
Patrick O'Donnell, Aberdeen Standard Investments senior investment manager, said: "Mario Draghi's main goal for months now has been to gently steer markets into thinking that this tapering would come today. He's done that so markets take the announcement in their stride, which they will." If economic conditions become less favourable, or if no progress is likely to be made towards the ECB's inflation target, it could increase bond-buying again, it said.
ECB President Mario Draghi has been signalling for months that the bond-buying scheme will come to an end.
"Mario Draghi's main goal for months now has been to gently steer markets into thinking that this tapering would come today. He's done that so markets take the announcement in their stride, which they will," said Patrick O'Donnell, Aberdeen Standard Investments senior investment manager.