ECB to Consider Cutting QE Purchases in Half Next Year
- Some officials favor extending QE at EU30b for nine months
- ECB to announce future of bond-buying program on Oct.26
ECB to Consider Cutting QE Purchase
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European Central Bank officials are considering cutting their monthly bond buying by at least half starting in January and keeping their program active for at least nine months, according to officials familiar with the debate.
Reducing quantitative easing to 30 billion euros ($36 billion) a month from the current pace of 60 billion euros is a feasible option, said the officials, who asked not to be identified because the deliberations are private. That reduced flow would match existing predictions from economists at institutions including ABN Amro Bank NV and Bank of America Merrill Lynch.