{"id":838,"date":"2018-06-18T06:50:29","date_gmt":"2018-06-18T06:50:29","guid":{"rendered":"https:\/\/elementor.frenify.net\/?p=838"},"modified":"2018-06-18T06:50:29","modified_gmt":"2018-06-18T06:50:29","slug":"ecb-to-end-crisis-era-stimulus-programme-in-december","status":"publish","type":"post","link":"https:\/\/frenify.com\/work\/envato\/frenify\/plugin\/elementor\/1\/ecb-to-end-crisis-era-stimulus-programme-in-december\/","title":{"rendered":"ECB to end crisis-era stimulus programme in December"},"content":{"rendered":"<p class=\"story-body__introduction\">The European Central Bank (ECB) has confirmed it will end a huge programme to stimulate the eurozone economy in December.<\/p>\n<p>The ECB will stop its bond-buying scheme, worth \u20ac30bn a month, despite a recent slowdown in the bloc&#8217;s recovery.<\/p>\n<p>The move is a major step towards dismantling the policies brought in to stabilise the eurozone in the wake of the financial crisis.<\/p>\n<p>However, the ECB said it was keeping interest rates on hold for now.<\/p>\n<p><a class=\"story-body__link-external\" href=\"http:\/\/www.ecb.europa.eu\/press\/pr\/date\/2018\/html\/ecb.mp180614.en.html\">In a statement, the bank said<\/a>\u00a0it would halve the size of monthly asset purchases to \u20ac15bn after September, as long as data remains favourable, and phase them out entirely after the end of the year.<\/p>\n<p>President Mario Draghi acknowledged the bloc&#8217;s recovery had stuttered recently but said underlying growth remained strong.<\/p>\n<p>He added that longer-term inflation expectations were &#8220;well anchored&#8221; towards the bank&#8217;s target of just below 2%.<\/p>\n<h2 class=\"story-body__crosshead\">Winding down<\/h2>\n<p>The ECB began its asset purchase programme in 2015, years after the UK and US took similar action to shore up their economies.<\/p>\n<p>It has so far pumped more than two trillion euros into the bloc&#8217;s economy, while keeping interest rates at or near zero.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 \u20ac30bn a month, despite a recent slowdown in the bloc&#8217;s recovery. The move is a major step towards dismantling the policies brought in to stabilise the eurozone [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":801,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,3,4,6,9,10,20],"tags":[],"class_list":["post-838","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-2","category-business-of-sport","category-companies","category-entrepreneurship","category-global-trade","category-market-data","category-technology-of-business"],"_links":{"self":[{"href":"https:\/\/frenify.com\/work\/envato\/frenify\/plugin\/elementor\/1\/wp-json\/wp\/v2\/posts\/838","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/frenify.com\/work\/envato\/frenify\/plugin\/elementor\/1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/frenify.com\/work\/envato\/frenify\/plugin\/elementor\/1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/frenify.com\/work\/envato\/frenify\/plugin\/elementor\/1\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/frenify.com\/work\/envato\/frenify\/plugin\/elementor\/1\/wp-json\/wp\/v2\/comments?post=838"}],"version-history":[{"count":0,"href":"https:\/\/frenify.com\/work\/envato\/frenify\/plugin\/elementor\/1\/wp-json\/wp\/v2\/posts\/838\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/frenify.com\/work\/envato\/frenify\/plugin\/elementor\/1\/wp-json\/wp\/v2\/media\/801"}],"wp:attachment":[{"href":"https:\/\/frenify.com\/work\/envato\/frenify\/plugin\/elementor\/1\/wp-json\/wp\/v2\/media?parent=838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/frenify.com\/work\/envato\/frenify\/plugin\/elementor\/1\/wp-json\/wp\/v2\/categories?post=838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/frenify.com\/work\/envato\/frenify\/plugin\/elementor\/1\/wp-json\/wp\/v2\/tags?post=838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}