ECB officials disagree on open-ended QE

Vítor Constâncio, Mario Draghi and Christine Graeff
L to R: Vítor Constâncio, Mario Draghi and Christine Graeff
European Central Bank

Members of the governing council of the European Central Bank disagreed on the decision of not fixing an end date for the bond-buying programme at the last monetary policy meeting on October 25–26, according to minutes published by the ECB on November 24.

After the meeting, ECB president Mario Draghi announced the council’s decision to extend the asset purchase programme to September 2018, although it reduced its monthly purchases to €30 billion ($35.8 billion) from €60 billion, starting in

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