ECB To Extend its Bond Buying Program into End of 2017

ECB European Central Bank

Mario Draghi, extended the European Central Bank (ECB) $ 1.74 trillion bond purchase program to support the economy by nine months to at least the end of December 2017. This is far longer than most economists had expected. However, the monthly volume of currently €80 billion euros will drop to €60 billion euros from April 2017 onwards. In total, a further €540 billion euros will be pumped into the market. However, there is still no indication that thie will have any inflationary influence. All its appears to be doing is slowing the collapse buying bonds the private sector does not want.

According to German newspaper the Frankfurter Allgemeine Zeitung (FAZ), the decision of the ECB to expand its bond purchases was objected to by the Bundesbank President Jens Weidmann. The newspaper reported that Weidmann had expressed objections and not voted. The Bundesbank did not wish to comment on the report, reported Reuters.

Latest Posts

Powell Warns of Stagflation

Socrates has honed in on 2025 becoming a year of great stagflation in the United States. The Federal Reserve has finally admitted that the data is undeniable—the United States will [...]
Read more

Europe & Coming False Flag

https://www.armstrongeconomics.com/wp-content/uploads/2025/04/Geert-Wilders.mp4 Geert Wilders (born 1963) is a Dutch politician who has led the common-sense right-wing Party for Freedom (PVV) in the Netherlands. The nationalist wave in Europe is now rising [...]
Read more