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ECB Keeps to Policy Path to End Bond Purchases

  • Mario Draghi holds media briefing at 2:30 p.m. in Frankfurt
  • President will be quizzed on economic risks as QE exit nears
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Draghi on Stimulus Exit, Economy, Trade: Opening Statement
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The European Central Bank stuck to its plan to end bond purchases as the European Union and U.S. stepped back from a trade war and the currency bloc’s economic expansion remained solid.

The Frankfurt-based institution reiterated it will continue buying 30 billion euros ($35 billion) of assets a month until the end of September, reduce the pace to 15 billion euros from October, and stop additional purchases at the end of the year.