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Tapering not raised at ECB meeting: Draghi

Published 12/08/2016, 09:32 AM
Updated 12/08/2016, 09:32 AM

Investing.com - Tapering of the ECB's QE program was not discussed at Thursday's policy meeting, Mario Draghi said.
The ECB extended its QE program to end-2017 but at a smaller pace of €60/month from April.
Draghi said the emphasis was on the need to remain accommodative until inflation moves toward target.
He said the option to extend the size and duration of QE beyond 2017 shows "no tapering in sight."
The ECB also relaxed eligibility of minimum remaining maturity of assets bought to one year from two.
If needed, purchases of assets with YTM below -0.4% deposit rate will also be allowed.

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