U.S. financial markets were little moved by Thursday's data, with attention focused on details of a ceasefire agreement between Russia and Ukraine and a surprise interest rate cut and
bond purchasing program announced by Sweden's central bank.
Not exact matches
Last December, the bank
announced it would extend its
bond - buying
program albeit at a reduced pace of
purchases.
As it had
announced at the end of 2016, the ECB cut the size of its monthly
bond purchases from $ 80 billion to $ 60 billion in April, but President Draghi also moved to quell speculation about an increase in the ECB's deposit rate later this year, which some critics had called for, even before any curtailment of the ECB's quantitative easing
program.
Outright Monetary Transactions are a
bond - buying
program announced in September 2012 in which the European Central Bank would offer to
purchase eurozone countries» short - term
bonds in the secondary market to bring down the market interest rates faced by countries subject to speculation that they might leave the euro.
The Fed also
announced that next month it would begin reversing its massive
bond purchase program begun during the financial crisis.
Outright Monetary Transactions are a
bond - buying
program announced in September 2012 in which the ECB would offer to
purchase eurozone countries» short - term
bonds in the secondary market to bring down the market interest rates faced by countries subject to speculation that they might leave the euro.