• Kyodo

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The European Central Bank decided Thursday to extend its asset purchase program by nine months to the end of 2017 to boost tepid price growth, but pledged to reduce the monthly pace of buying from April.

The ECB said it will continue asset purchases at the current pace of €80 billion ($86 billion) a month until the end of March as planned, but will reduce spending to €60 billion per month from next April.

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