Sidestepping taper talk, ECB to stick to stimulus plans

Sidestepping taper talk, ECB to stick to stimulus plans

The Edge Markets - World·2021-04-22 15:05

FRANKFURT (April 22): The European Central Bank will keep policy unchanged on Thursday, emphasizing its stimulus measures are keeping the pandemic-struck economy afloat so they should not be clawed back too soon.

The bank is pinning borrowing costs near record lows via massive bond purchases to see the euro zone through a scarring recession that has kept schools, shops, restaurants and hotels closed for the better part of a year.

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