ECB's Draghi says stimulus won't 'stop suddenly'
The European Central Bank
Frankfurt am Main - Egypt Today
European Central Bank president Mario Draghi on Thursday said the bank would not bring its massive bond-buying scheme to an abrupt end, reassuring markets as it took a first step towards scaling back extraordinary stimulus.
"The decision today is for an open-ended programme," Draghi told reporters after the ECB announced it would halve its bond purchases to 30 billion euros a month from January until September.
"It's not going to stop suddenly, it's never been our view that things should stop suddenly," he added.
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