ECB to End Bond-Buying Program in December as Crisis-Era Policies Wind Down

WSJ

RIGA, Latvia—The European Central Bank is closing a chapter on one controversial policy, its giant bond-buying program, while extending the life of another: negative interest rates.

It laid out plans Thursday to wind down its €2.5 trillion ($2.9 trillion) bond-buying program by December, but said it didn’t expect to raise rates “at least through the summer of 2019.”

The…

https://www.wsj.com/articles/ecb-to-end-bond-buys-as-crisis-policies-wind-down-1528977227?mod=pls_whats_news_us_business_f

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