Bundesbank denies QE tapering rumours

8 years ago - Published in Finance, Fundamental Analysis

"Pure fantasy," in this way Michel Best,  Bundesbank spokesman denied the rumor that European Central Bank (ECB) might be considering a taper after the bond buying program gets concluded in March 2017, which would be earlier than expected.

Yesterday, Bloomberg, citing unnamed eurozone central bank officials, said an “informal consensus” of policymakers had built in the past month that the ECB would “probably” gradually taper its €80 billion a month bond-buying program, possibly in steps of €10bn a month.