Market news
29.06.2022, 05:09

ECB mulling plans to announce size, duration of bond-buying scheme – Reuters

Reuters is out with the latest headlines, citing that the European Central Bank (ECB) is evaluating whether to announce the size and duration of the bond-buying scheme at its next monetary policy meeting on July 21

This follows reports doing the rounds on Tuesday that the central bank will likely drain cash from the banking system to offset any bond purchases made to cap borrowing costs for indebted euro zone states.

The ECB is expected to announce the new anti-fragmentation tool on July 21 when it will deliver its first rate hike in more than a decade.

Market reaction

The shared currency is little affected by the above chatter, as EUR/USD keeps its range near daily lows of 1.0502, down 0.08% on a daily basis.

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location