ECB chief Draghi delivers speech on monetary policy decision

European Central Bank President Mario Draghi delivered a speech on the central bank’s monetary policy decision Thursday.

The ECB decided Thursday to cut the level of bonds the idea purchases every month, nevertheless extend the length of time in which its stimulus program runs.

Its purchases will fall to 30 billion euros ($35 billion) via 60 billion euros, starting in January. The central bank said the idea will extend its monetary stimulus program until at last September of next year.

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