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ECB Tests the Limit
The bank’s bond-buying program will reach what some officials say is the maximum allowed
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The European Central Bank's bond-buying program will top out at just over 2.5 trillion euros ($2.9 trillion), a Bloomberg survey of economists shows. That’s consistent with what some officials see as the limit in the market under current rules. The ECB will halve monthly purchases to 30 billion euros next year and extend the program through September as it waits for inflation to pick up, respondents said before the bank's Oct. 26 decision.