Tags: EU | Europe | Economy

Markets Watch European Central Bank for Hint on Stimulus End

Markets Watch European Central Bank for Hint on Stimulus End

Thursday, 08 March 2018 06:38 AM

FRANKFURT, Germany (AP) — Markets are waiting to see whether the European Central Bank will drop any hints about when its economic stimulus will end.

ECB President Mario Draghi is to hold a news conference after a meeting Thursday of the bank's 25-member governing council.

The bank isn't expected to change its stimulus programs, but investors are watching to see if it drops a promise to ramp up stimulus if needed. Removing that promise would be a small signal that the bank is closer to exiting its stimulus.

The bond-purchase stimulus has been pumping newly created money into the eurozone economy since March, 2015. The ECB has said purchases will continue at 30 billion euros ($37 billion) monthly at least through September.

A stimulus exit would likely send interest rates and the euro higher.

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Markets are waiting to see whether the European Central Bank will drop any hints about when its economic stimulus will end.ECB President Mario Draghi is to hold a news conference after a meeting Thursday of the bank's 25-member governing council.The bank isn't expected to...
EU,Europe,Economy
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2018-38-08
Thursday, 08 March 2018 06:38 AM
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