ECB to temporarily halt QE at the year end

FXStreet (Mumbai) - The European Central Bank (ECB) was on the wires providing an advance notice to the markets that it intends to halt its QE program in the last week of December.

The banks said it will temporarily pause Asset Purchase Programme purchases between 22 Dec - 1 Jan in anticipation of lower market liquidity during this period and may front load purchases and may front load purchases in the prior weeks.

The APP program will resume as ususal from 4th Jan. The ECB says the move is intended to reduce possible market distortions.