ECB cuts and extends monetary easing program

The European Central Bank decided to extend its bonds purchase program for three more months until December, while cutting its volume to 15 billion euros a month of private and public bonds.

The ECbB is currently applying a plan to purchase 30 billion euros a month worth of bonds until September to stimulate the economy. 

The ECB said it's unlikely to see an interest rate hike before summer 2019, which will go according to the conditions of the economy in the euro zone by that time.