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ECB to extend its QE program until at least the end of next year

 
The European Central Bank will reduce its bond-buying from the current level, while maintaining its quantitative easing program.
 
Following a governing council meeting in Frankfurt on Thursday, the bank announced its plans to extend its quantitative easing program... but added it will slowly scale back the amount of purchases from 80 billion euros to 60 billion after next March.
 
This will continue until at least the end of 2017 but the ECB might make some changes to the policy if the economic outlook becomes less favorable.
 
The bank will hold its benchmark interest rate unchanged and continue to impose a fee of Point-4 percent on deposits parked in its coffers.
 
ecb holds rates steady
 

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