ECB to end bond buys but signals rate hike is distant

⁣The European Central Bank, the ECB, is widely expected to announce that it will buy unlimited debt from the European debt markets this month in an attempt to raise the Euro and boost confidence in the markets. However signals suggest that the release of unlimited debt will not be a major driving force behind the markets as bond yields are already near record lows. This means that the effects of the increase in base interest rates by the European Central Bank will only be limited and confined to short term gains in the market. In addition there is a strong likelihood that the announcement will be greeted with widespread negative commentary across global markets.