ECB's Praet Confirms June Meeting Key for Bond-Buying Path
- Chief economist says bets on a sizable QE expansion have waned
- Policy makers are said to see chance policy stance will change
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European Central Bank Chief Economist Peter Praet confirmed that next week’s policy meeting will be pivotal for reaching a decision on when to end the institution’s bond-buying program.
His comments reinforce the view that the ECB is close to settling the question of how long it will keep buying debt to support the euro-area economy. Bloomberg reported on Tuesday that policy makers are likely to use the June 14 gathering for their first formal discussion on winding down the program, and could make a public announcement on when that will happen.