ECB Decision

The European Central Bank will halt its bond-buying program by the end of this year — a landmark decision that sets the euro area up for an exit from years of massive monetary support. The euro and bond yields dropped after the ECB said it’ll phase out the stimulus tool with 15 billion euros ($17.7…

RBI hikes Rate by 25 basis points

• RBI hikes repo rate and reverse repo rate by 25 basis points to 6.25% and 6% respectively, first rate hike since Jan 2014 • MPC maintains ‘neutral’ monetary policy stance, giving the committee flexibility to move in either direction • On Inflation: MPC Cites Sharp, Durable Crude Price Rise As Key Risk For CPI;…