# ECB to end crisis-era stimulus programme in December

> The ECB confirmed it will end its bond-buying stimulus in December, halving monthly purchases to 15 billion euros after September. It kept interest rates on hold, citing a recent slowdown in the bloc's recovery. Draghi said longer-term inflation expectations remain well anchored near the 2% target.

- Date: 2018-06-14 · published 2018-06-14T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/64729-ecb-to-end-crisis-era-stimulus-programme-in-december
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Ending euro-area stimulus while the Fed keeps hiking supports a stronger dollar, which can pressure dollar-priced grain and meal prices.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2018-06-14 | [ECB says its massive bond-buying program will likely end in December](https://feedsoft.ai/events/64727-ecb-says-its-massive-bond-buying-program-will-likely-end-in-december.md) | -1.6% | -0.8% |
| EURUSD | 2020-12-10 | [ECB keeps interest rates at 0, expands stimulus program](https://feedsoft.ai/events/49859-ecb-keeps-interest-rates-at-0-expands-stimulus-program.md) | +0.8% | +0.7% |
| EURUSD | 2021-06-29 | [ECB Charts Lone Crisis Stimulus in Choppy Wake of Shifting Fed \| Financial Post](https://feedsoft.ai/events/46809-ecb-charts-lone-crisis-stimulus-in-choppy-wake-of-shifting-fed-financial-post.md) | -1.0% | -0.9% |
| EURUSD | 2019-07-25 | [Mario Draghi gives market hint of ECB stimulus in September – as it happened](https://feedsoft.ai/events/58311-mario-draghi-gives-market-hint-of-ecb-stimulus-in-september-as-it-happened.md) | -0.1% | -0.4% |
| EURUSD | 2019-07-26 | [The Euro-Dollar Rate is In Line for Forecast Downgrades as ECB Eyes Stimulus](https://feedsoft.ai/events/58314-the-euro-dollar-rate-is-in-line-for-forecast-downgrades-as-ecb-eyes-stimulus.md) | -0.8% | -0.6% |
| DXY | 2021-06-29 | [ECB Charts Lone Crisis Stimulus in Choppy Wake of Shifting Fed \| Financial Post](https://feedsoft.ai/events/46809-ecb-charts-lone-crisis-stimulus-in-choppy-wake-of-shifting-fed-financial-post.md) | +0.8% | +1.1% |
| DXY | 2017-06-28 | [ECB says markets over-reacted to Draghi’s stimulus signals – The Irish Times](https://feedsoft.ai/events/70717-ecb-says-markets-over-reacted-to-draghi-s-stimulus-signals-the-irish-times.md) | +0.1% | -1.9% |
| DXY | 2020-10-29 | [Euro falls to four-week low as ECB flags easing in December \| Financial Post](https://feedsoft.ai/events/50839-euro-falls-to-four-week-low-as-ecb-flags-easing-in-december-financial-post.md) | -0.5% | -2.2% |

## Sources

- bbc.com: https://www.bbc.com/news/business-44483300

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.