According to the chief economist of the ECB, Peter Pret, the ECB is close to achieving the conditions under which it is possible to complete the Program of buying bonds. According to Pret, the Eurozone labor market is strengthening. The unemployment rate is declining, and this accelerates the growth of wages, which is becoming a key condition for stronger inflation, the target level of which is just below 2%.

Now, as part of the Quantitative Easing Program, the central bank buys assets at 30 billion euros a month and will continue to purchase at least until September.

Since the beginning of the current week, the Euro has been growing on the information that at a meeting on June 12 the ECB may discuss an exit from the Quantitative Easing program.

At the end of last week, a member of the ECB's Governing Council, Sabine Lautenschlager, said that the ECB could decide at the June meeting to close the asset purchase program later this year.