No Talk at ECB Meeting of Tapering QE or Extending It: Draghi

(Getty/Sean Gallup)

Thursday, 20 October 2016 06:40 AM EDT ET

The European Central Bank did not discuss at its latest meeting either ending its asset-buying program or extending it, ECB President Mario Draghi said on Thursday.

"Sometimes it's ... important to say what we did not discuss. And we didn't discuss tapering or the intended horizon of our asset purchase program," he told a news conference after the ECB left monetary policy unchanged.

Speculation has been rising that the ECB will extend its 80 billion euros per month bond purchases, designed to boost the economy and inflation. There have also been reports that the bank is looking into how to eventually end the program.

Draghi said an abrupt end to the program was unlikely. Winding down such programs is known as tapering.

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The European Central Bank did not discuss at its latest meeting either ending its asset-buying program or extending it, ECB President Mario Draghi said on Thursday.
draghi, ecb, qe, taper
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2016-40-20
Thursday, 20 October 2016 06:40 AM
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