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"What the central bank can do is to keep a steady hand," said ECB chief Draghi (c), deputy Vítor Constâncio (l) and media chief Christine Graeff (r). (Photo: ECB)

ECB reshapes its bond-buying scheme

The European Central Bank (ECB) decided on Thursday (8 December) to extend its massive bond-buying scheme next year but at a slower pace, amid uncertainties following Brexit and the US election.

Under the scheme, also known as QE for quantitative easing, the ECB buys €80 billion of public and corporate bonds each month.

After the current programme ends in March, it will be extended until December but will be limited to €60 billion per month.

The ECB chief Mario Draghi said t...

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"What the central bank can do is to keep a steady hand," said ECB chief Draghi (c), deputy Vítor Constâncio (l) and media chief Christine Graeff (r). (Photo: ECB)

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