ECB Wrangling on Stimulus Find Common Ground on Rates, Sources Say
- Policy makers will decide future of bond program on Oct. 26
- Current outlook has no rate hike until ‘well past’ end of QE
An illuminated euro currency symbol is projected on to the European Central Bank (ECB) headquarters during the Luminale light festival in Frankfurt, Germany, on Thursday, March 17, 2016. European government bonds climbed after the Federal Reserve signaled that it will raise interest rates at a slower pace than previously estimated, bolstering demand for fixed-income securities around the world.
Photographer: Martin Leissl/BloombergEuropean Central Bank policy makers are poised to preserve their commitment to ultra-low interest rates even as they wrangle over how long to keep their bond-buying program going.
Members of President Mario Draghi’s Governing Council will meet this month amid discord over whether a strengthening economy means now is the time to plot an end to more than 2 1/2 years of quantitative easing or whether to keep it going until inflation accelerates.