ECB to End Bond-Buying Program in December as Crisis-Era Policies Wind Down

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RIGA, Latvia—The European Central Bank laid out plans Thursday to wind down its €2.5 trillion ($2.9 trillion) bond-buying program by December, but said it didn’t expect to raise rates “at least through the summer of 2019.”

The move draws a line under a contentious policy that at times divided the ECB’s rate-setting committee and provoked sharp criticism from public officials in the currency bloc’s biggest economy, Germany.

The…



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