ECB buys corporate bonds - India hungry for foreign Investment
The European Central Bank looks has removed a key pillar of its support for the euro area economies. At their final policy meeting this year, ECB governors announced the end of their bond-buying program.
The European Central Bank wants to end its €2.4 trillion bond-buying program at the end of 2018, calling time on a policy that is credited with reviving the eurozone but may come too soon for some debt-laden countries.
The European Central Bank has left interest rates and massive support for the eurozone economy unchanged, despite sharp upgrades to the bank's growth forecasts. But inflation will remain stubbornly low, the ECB says.
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