Officials at European Central Bank have reportedly agreed plans to reduce monetary stimulus measures, ending nearly three years of money-printing.
The ECB will now take the first steps to reduce the euro zones reliance on quantitative easing in a bid to reduce bubbles and return to solid growth.
President Mario Draghi has suggested that the future of the ECB’s €2.3 trillion euros bond-buying programme may be reviewed in October with four options being considered to cut activity.
This may reduce monthly buying from the current €60 billion to as low as €20 billion, from the start of 2018. A meeting is scheduled for October 26 and is expected to be backed by a broad consensus for a figure somewhere between 20 billion and 40 billion euros.