DUBLIN Dec 9 Ireland's central bank will reduce
the pace of bond-buying under the bloc's quantitative easing
stimulus programme and is confident it can remain in the scheme
until its scheduled end in December 2017, a source familiar with
the matter said on Friday.
The source said the central bank would reduce the monthly
pace of bond-buying to around 50 percent of current levels.
Some bank analysts forecast that limits may be reached on
the amount of eligible Irish debt that can be purchased by
March, meaning the country would not benefit from the nine-month
extension of the programme announced Thursday.
A spokeswoman for the central bank, said: "The Central Bank
will manage the implementation of the purchase programmes
carefully, so that the impact of the programme parameters or any
changes in these parameters, would be as smooth as possible."
(Reporting by Padraic Halpin; Editing by John Geddie)