ECB set to curb monetary stimulus next year

The outcome of last Thursday’s ECB’s Governing Council meeting was keenly awaited by markets as it would set monetary policy for nearly all of the coming year, writes Oliver Mangan

Rates were left unchanged as expected, at –0.4% for the deposit rate and 0% for the refinancing rate.

All the focus though was on the ECB’s quantitative easing (QE) asset purchase programme.