European Central Bank Pledges to End Bond Buying Soon

Christine Lagarde, head of the European Central Bank (ECB), speaks to the media following a meeting of the ECB Governing Council in Frankfurt, Germany, on Oct. 28, 2021. Thomas Lohnes/Getty Images

The European Central Bank (ECB) has pledged to end its bond-buying activities in a few months as the region battles high inflation rates.

After looking at data since its previous meeting, the Governing Council, the main decision-making body of the ECB, judged in an April 14 meeting that net asset purchases under its asset purchase program (APP) must be concluded in the third quarter.