ECB to restart bond buys Oct 30, stop around Christmas
Tweet
Share
E-mail
FILE PHOTO: Reflection of the sign of the European central Bank (ECB) is seen ahead of the news conference on the outcome of the Governing Council meeting, at the ECB headquarters in Frankfurt, Germany, March 7, 2019. REUTERS/Kai Pfaffenbach/File Photo
FRANKFURT (Reuters) - The European Central Bank will restart its bond purchase scheme on Oct 30, with first settlements due on Nov 1, it said in a market message on Friday.
The bank added that it would temporarily halt purchases between Dec 19 and Jan 1 in anticipation of significantly lower market liquidity toward the end of the year.
The ECB decided in September to restart purchases on Nov 1, running at a monthly rate of 20 billion euros a month.
(Reporting by Balazs Koranyi; Editing by Francesco Canepa)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Fires on more than 250,000 acres of Washington state prompt evacuations
- Romania expands bear cull, critics say enforcement gaps persist
- Noted climber Nirmal Purja among 10 dead in avalanche in Pakistan - officials
Create E-mail Alert Related Categories
ReutersRelated Entities
European Central BankSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
