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ECB Ends Historic Stimulus Push in Bet Economic Growth to Endure

  • QE is halted despite expected downgrade to inflation outlook
  • Mario Draghi holds media briefing at 2:30 p.m. in Frankfurt
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Pinebridge Investments’ Markus Schomer and Wells Fargo’s Nick Bennenbroek react to the ECB decision.(Source: Bloomberg)

The European Central Bank took the watershed decision to halt its 2.6 trillion-euro ($3 trillion) bond-buying program, capping massive monetary support even though the euro-zone economy looks vulnerable again.

Policy makers led by President Mario Draghi confirmed that they’ll stop net purchases this month, ending almost four years of quantitative easing.