“Today’s decision is a truly Solomonic compromise between the hawks and the doves,” said Carsten Brzeski, chief economist at ING. “The hawks finally got their end-date for QE, while the doves still have their open door for more if needed. Nicely done.”

Related: ETF Investors Shying Away from Europe

In addition to the bond-buying announcement and rate decision, the ECB published new economic forecasts.  Due to higher oil prices, inflation was revised upwards for the rest of 2018 and also 2019 with annual headline inflation expected to touch the 1.7 percent mark through 2020.

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