Draghi Goes Lower for Longer in Overhauling Bond Buying Plan
- The ECB will buy fewer bonds, but extend until next September
- Draghi says there won’t be a ‘sudden end’ to the purchases
Draghi Says Recalibration of QE Reflects Confidence
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European Central Bank President Mario Draghi will be buying bonds at a lower rate, but for a longer time.
That was the upshot of the ECB’s much-anticipated decision on its monetary policy plans for 2018, made in Frankfurt on Thursday.