‘ECB stimulus may come to an end soon’
Jun 26, 2017-
The time may be nearing for the European Central Bank to start discussing the end of unprecedented stimulus as growth and inflation are both moving in the right direction, Bundesbank president Jens Weidmann told German newspaper Welt am Sonntag. Weidmann, who sits on the ECB’s rate-setting Governing Council, also said that the bank should not make any further changes to the key parameters of its bond purchase scheme. Hoping to revive growth and inflation, the ECB is buying 2.3 trillion euros worth of bonds, mostly government debt.Europe’s biggest economy. The purchases are set to run until December and the ECB will decide this fall whether to extend it in order to boost inflation further or to wind it down, or taper.
Published: 26-06-2017 09:09