ECB in hot seat over easy money as economy strengthens ...Middle East

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ECB in hot seat over easy money as economy strengthens
source : Daily Sun ( Middle East ) () 11
FRANKFURT: Markets will be looking for clues Thursday on when the European Central Bank might start winding down monetary stimulus, as the economic rebound from the pandemic accelerates and eurozone inflation surges past the bank’s target.The ECB’s 25-member governing council is widely expected to hold interest rates at historic lows and leave its massive bond purchasing schemes in place at its six-weekly meeting.But with vaccination progress and post-lockdown spending brightening the outlook, ECB president Christine Lagarde can expect a grilling from reporters on how policymakers plan to wean the region’s economy off crisis support.A similar debate is raging in the United States, where conc

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