# ECB cuts bond-buying stimulus

> The ECB announced it will cut monthly asset purchases from €60 billion to €30 billion starting January, extending the program to September 2018 and possibly beyond. Policy rates were left unchanged at zero for the main refinancing rate and minus 0.4% for the deposit rate.

- Date: 2017-10-26 · published 2017-10-26T12:00:00.000Z
- Category: macro · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/68672-ecb-cuts-bond-buying-stimulus
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

The step toward unwinding stimulus supports the euro and dollar-relative currency moves that affect US export competitiveness for grains and oilseeds.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2020-06-04 | [Euro jumps as ECB increases stimulus - Business & Finance - Business Recorder](https://feedsoft.ai/events/52843-euro-jumps-as-ecb-increases-stimulus-business-and-finance-business-recorder.md) | +1.0% | +0.1% |
| EURUSD | 2019-09-13 | [Euro surges as ECB rate cut seems to mark last stimulus move \| The National](https://feedsoft.ai/events/57278-euro-surges-as-ecb-rate-cut-seems-to-mark-last-stimulus-move-the-national.md) | -0.3% | -0.5% |
| EURUSD | 2020-06-04 | [ECB Goes All Out With 600 Billion Euro Increase in Bond Buying - Bloomberg](https://feedsoft.ai/events/52840-ecb-goes-all-out-with-600-billion-euro-increase-in-bond-buying-bloomberg.md) | +1.0% | +0.1% |
| EURUSD | 2021-09-09 | [Euro inches higher ahead of ECB decision on bond buying - Markets - Business Recorder](https://feedsoft.ai/events/45271-euro-inches-higher-ahead-of-ecb-decision-on-bond-buying-markets-business.md) | -0.1% | -2.3% |
| EURUSD | 2021-03-11 | [EUR and ECB: Dovish for bonds, but not for EUR \| articles \| ING THINK](https://feedsoft.ai/events/48339-eur-and-ecb-dovish-for-bonds-but-not-for-eur-articles-ing-think.md) | +0.0% | -0.1% |
| DXY | 2020-06-04 | [Euro jumps as ECB increases stimulus - Business & Finance - Business Recorder](https://feedsoft.ai/events/52843-euro-jumps-as-ecb-increases-stimulus-business-and-finance-business-recorder.md) | -0.6% | +0.7% |
| DXY | 2019-09-13 | [Euro surges as ECB rate cut seems to mark last stimulus move \| The National](https://feedsoft.ai/events/57278-euro-surges-as-ecb-rate-cut-seems-to-mark-last-stimulus-move-the-national.md) | +0.2% | +0.4% |
| DXY | 2021-03-11 | [EUR and ECB: Dovish for bonds, but not for EUR \| articles \| ING THINK](https://feedsoft.ai/events/48339-eur-and-ecb-dovish-for-bonds-but-not-for-eur-articles-ing-think.md) | -0.4% | -0.3% |

## Sources

- dw.com: https://www.dw.com/en/ecb-cuts-bond-purchases-to-end-era-of-easy-money/a-41120345

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