ECB’s Decision to Extend QE Is ‘Good for Greece’ ECB Sources Say

ecbThe European Central Bank (ECB) governing board’s decision to extend the ECB’s quantitative easing programme until December 2017 is positive for Greece, giving it additional time to enter the programme, ECB sources told the Athens-Macedonian News Agency (ANA) on Thursday.

Meeting in Frankfurt on Thursday, the ECB governing board decided to extend the Public Sector Purchase Programme (PSPP) beyond March next year, conducting an extra nine months of quantitative easing, but cut bond purchases for 80 billion euros to 60 billion euros per month.

The monthly purchases limit will remain at 80 billion euros until March 2017.
(source: ana-mpa)