ECB extends asset purchases to March 2017 or beyond and cuts deposit rate
European Central Bank will continue buying assets until at least March 2017
The European Central Bank (ECB) will keep its asset purchase programme running until at least March 2017, as part of a package of new easing measures unveiled today (December 3). Markets were left disappointed, however, by the decision not to increase the amount bought each month from €60 billion ($65 billion).
Another change sees the ECB include some "debt instruments" issued by regional and local governments in the sphere of eligible assets. It will also reinvest the principal payments of all
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