After pumping more than €2 trillion into the economy, the European Central Bank (ECB) has announced it is bringing its bond-buying programme of quantitative easing to an end this year. Does this mean that the economies of the eurozone are back on a more stable footing following the global financial crisis of a decade earlier? The ECB is currently buying €30bn a month of bonds. It got off to a later start than other western nations, not starting its programme until 2015. This was years after the UK and US took similar measures to provide much needed liquidity to financial markets.
Bringing an end to European bond buying
This 588 word blog post explains the European Central Bank’s decision to bring an end to its bond-buying programme of quantitative easing at the end of this year, examines the current state of the eurozone economy and looks at the decision to keep interest rates there on hold until next summer. Written on 15th June 2018.