Skip to content
Subscriber Only

ECB Leaves Bond-Buying Program Unchanged as Inflation Gains

  • Germany’s Schaeuble says it’s a problem to explain ECB policy
  • President Mario Draghi to speak at 2:30 p.m. in Frankfurt
Bloomberg business news

ECB Holds Bond-Buying Steady, Watching Inflation

Updated on

The European Central Bank left its quantitative-easing program unchanged as policy makers wait to see if a pickup in inflation will be sustained.

The Governing Council reaffirmed its December decision that asset purchases will be reduced to 60 billion euros ($64 billion) a month from April, from 80 billion euros currently. Policy makers also kept the main refinancing rate at zero and the deposit rate at minus 0.4 percent, as predicted by all economists in a Bloomberg survey. President Mario Draghi will explain his assessment of the euro-area economy in a press conference at 2:30 p.m. in Frankfurt.