ECB Will End Bond Buying Program in December

ECB Will End Bond Buying Program in December

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The European Central Bank (ECB) announced it will keep interest rates unchanged at negative 40 basis points and continue bond purchases until December, with a reduction from €30 billion to €15 billion per month starting in October. The ECB plans to end quantitative easing by December. During a live report from Latvia, the euro's movement was discussed, highlighting its potential gain against the dollar. The ECB's positioning and market reactions were also analyzed, with emphasis on the unchanged rates until at least summer 2019.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What decision did the ECB make regarding the facility rate?

Changed it to positive 40 basis points

Increased it by 40 basis points

Decreased it by 40 basis points

Kept it unchanged at negative 40 basis points

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Until when does the ECB plan to keep interest rates unchanged?

Summer of 2020

Summer of 2019

End of 2018

End of 2019

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is significant about the euro's potential gain against the dollar?

It is expected to decrease

It happens frequently

It has never happened before

It would be the first time in six ECB decisions

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much will the ECB reduce its asset purchases to from October to December?

10 billion euros per month

25 billion euros per month

15 billion euros per month

20 billion euros per month

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When will the ECB's asset purchase program end?

End of December

End of November

End of October

End of September