ECB bucks market expectation with silence on further bond purchases

Euro sign, Frankfurt

The European Central Bank's (ECB) decision to keep mum on further bond purchases or a target size for the programme split analysts and caused the euro to wobble on Thursday afternoon.

By the close of trade in London, the dollar had gained 0.68% against the single currency to $1.3217. The fall came after the central bank defied speculation that its controversial May move to buy eurozone debt securities would be extended or intensified.

Market participants had hoped the ECB would make a statement

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.