Euro spikes after ECB drops promise to increase bond buying
Kept rates unchanged
ECB drops pledge to increase bond buying
The euro jumped in early afternoon trading after the European Central Bank (ECB) removed commitments to increase its bond-buying programme, but re-affirmed its loose monetary policy conditions by keeping interest rates unchanged.
Seen as a small step towards normalisation from the ECB's governing council after stimulus measures were implemented during the eurozone crisis, the Bank removed a paragraph featured in previous monetary...
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