Economics

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

Pinebridge Investments’ Markus Schomer and Wells Fargo’s Nick Bennenbroek react to the ECB decision.(Source: Bloomberg)

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By Carolynn Look

December 13, 2018 at 12:50 PM UTC

This article is for subscribers only.

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.