The ECB ends with incentives at the end of the year, the euro collapses

The ECB was fully expected to keep its short-term interest rates unchanged. What the bank surprised, however, from its meeting in Riga, was postponing the end of the bond repurchase program.
The bank hinted that "quantitative easing" or incentives would only end at the end of the year. The majority of market participants were counting on ending the stimulus in October or at the latest in November.
The European Central Bank will continue to buy eurobonds for €30 billion a month until September, as previously planned.
From next October, however, purchases are expected to be halved - up to 15 billion euros, but on the assumption that economic data confirms the 2% inflation forecast by the financial institution.
Overall, the results of the Bank's meeting were accepted by market participants as too weakly aggressive, not meeting market expectations before. Investors reacted violently by selling the euro against the dollar. The single currency fell to trading levels at about 1.1630 late at night, or about 2% below its price yesterday.