ECB Official Indicates Next Meeting Is Key to Bond-Buying Decision

ECB Official Indicates Next Meeting Is Key to Bond-Buying Decision

An financial mushy patch, political tremors in southern Europe and an escalating commerce struggle: None of that appears to be sufficient to forestall the European Central Bank from phasing out its large financial stimulus later this 12 months.

On Wednesday the ECB’s chief economist, Peter Praet, despatched a robust sign that the financial institution may determine as quickly as subsequent week to wind down its €30 billion-a-month ($35.09 billion) bond-buying program, which is credited for supporting a sturdy financial restoration within the 19-nation forex union.

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