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European Central Bank announces end of quantitative easing

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The European Central Bank (ECB) today announced the end of its quantitative easing bond purchases.

In a press release today the ECB said it will reduce the pace of asset purchases from €30bn (£26.4bn) per month to €15bn from September to December.

At the end of December, "net purchases will then end", the statement said.

The ECB also changed its guidance on the........

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