ECB Account Shows Officials Prepared to Alter Stimulus If Needed
ECB: Early Recovery Phase, High Uncertainty
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The European Central Bank may alter the pace of its unprecedented bond-buying plan if necessary, an official account of the institution’s last policy meeting shows.
While Governing Council members currently deem the scope of their quantitative-easing program appropriate, this assessment may change over time as the latest economic projections are surrounded by higher-than-usual uncertainty, according to deliberations by the 25-member group published in Frankfurt on Thursday.