it will cut its ... bond purchases ... by $10 billion to $65 billion

quantum zero

Senior Member
I found one sentence in the newspaper article and I have a hard time understanding it.

here is the sentence:

"The central bank said it will cut its monthly bond purchases starting in February by $10 billion to $65 billion."

I don't understand the construction of "by A to B".

Are they saying that it will cut monthly at the lowest $10 billion and at the highest $65 billion starting February?

Would you guys explain to me please?

I've got this from the yomiuri shimbun 1/31/14
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