ECB removes promise to increase bond purchases if needed

Mario Draghi of the European Central Bank
Mario Draghi

The governing council of the European Central Bank (ECB) has dropped its promise to increase the rate of bond acquisitions if the economic outlook darkens, revealing the updated wording in its policy statement today (March 8).

Since 2016, the central bank had indicated that should economic prospects or financial conditions hamper the central bank in reaching its inflation target, rate-setters would be “ready to increase the asset purchase programme (APP) in terms of size and/or duration”.


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