Economics
ECB Sticks to Plan to Rein in Stimulus
- Decision comes after lackluster growth, confidence indicators
- Mario Draghi holds media briefing at 2:30 p.m. in Frankfurt
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The European Central Bank still intends to cap its bond-buying by year-end and leave room for an interest-rate increase late next year, even amid mounting signs that the euro-area economy is wilting under global pressures.
The Frankfurt-based institution said it will buy 15 billion euros ($17 billion) of bonds a month through December, with a final decision to end the program contingent on incoming information. Policy makers reiterated that interest rates will remain at their present record lows “at least through the summer” of 2019.