# European Central Bank to scale back massive economic stimulus programme from next year | The Independent | The Independent

> The ECB will reduce its asset purchases from €60 billion to €30 billion per month from January 2018 and continue until at least September 2018. The bank said it would readjust the programme if financial conditions deteriorate, and the programme has bought roughly €2.1 trillion in assets since 2015.

- Date: 2017-10-26 · published 2017-10-26T12:00:00.000Z
- Category: macro · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/68673-european-central-bank-to-scale-back-massive-economic-stimulus-programme-from
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

The gradual end of ECB stimulus supports the euro against the dollar, which tends to lower dollar commodity prices and can shift relative feed import demand.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2024-03-06 | [Euro is back on the scene for global central banks](https://feedsoft.ai/events/31421-euro-is-back-on-the-scene-for-global-central-banks.md) | +0.5% | -0.8% |
| EURUSD | 2022-02-19 | [End of European Central Bank’s reign as dovish bastion likely to spark rebound for euro \| The National](https://feedsoft.ai/events/42902-end-of-european-central-bank-s-reign-as-dovish-bastion-likely-to-spark-rebound.md) | -0.9% | -2.5% |
| EURUSD | 2017-05-23 | [Economic prospects to maintain support for the euro \| Capital Economics](https://feedsoft.ai/events/71210-economic-prospects-to-maintain-support-for-the-euro-capital-economics.md) | -0.5% | -1.0% |
| EURUSD | 2022-07-21 | [Europe's central bank backs larger-than-expected rate hike \| AP News](https://feedsoft.ai/events/40711-europe-s-central-bank-backs-larger-than-expected-rate-hike-ap-news.md) | -1.1% | -0.5% |
| EURUSD | 2024-01-25 | [European Central Bank holds rates steady, gives no hint at cuts ahead](https://feedsoft.ai/events/32341-european-central-bank-holds-rates-steady-gives-no-hint-at-cuts-ahead.md) | -0.4% | -0.8% |
| DXY | 2024-03-06 | [Euro is back on the scene for global central banks](https://feedsoft.ai/events/31421-euro-is-back-on-the-scene-for-global-central-banks.md) | -0.6% | +0.3% |
| DXY | 2022-02-19 | [End of European Central Bank’s reign as dovish bastion likely to spark rebound for euro \| The National](https://feedsoft.ai/events/42902-end-of-european-central-bank-s-reign-as-dovish-bastion-likely-to-spark-rebound.md) | +0.4% | +1.0% |
| DXY | 2020-03-19 | [The Fed is extending its currency exchange program to more central banks around the world](https://feedsoft.ai/events/54307-the-fed-is-extending-its-currency-exchange-program-to-more-central-banks-around.md) | +0.5% | -0.9% |

## Sources

- independent.co.uk: https://www.independent.co.uk/news/business/news/european-central-bank-economic-stimulus-programme-scale-back-next-year-eu-ecb-mario-draghi-a8021146.html

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