http://www.businesstimes.com.sg/government-economy/ecb-unexpectedly-cuts-asset-buys-to-60b-euros-per-month-from-april
How will this affect economies?
Well, there will be lesser cheap monies in the market now and interest rates will slowly inch up in EU. Nonetheless, QE has proven to be not working in the real economies except for stock markets. Therefore, the impact of lesser QE will only affect the stock markets more than the main streets.
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