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ECB Officials Didn’t Agree on If They’ll Use Full Bond Plan

  • Some officials had signaled bond buying could end earlier
  • Some are concerned over sending too optimistic a signal
Christine Lagarde speaks during a live stream of the central bank's virtual rate decision news conference from Frankfurt on July 16.
Christine Lagarde speaks during a live stream of the central bank's virtual rate decision news conference from Frankfurt on July 16.Photographer: Hollie Adams/Bloomberg
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European Central Bank policy makers didn’t agree on whether they expect to use the full amount of their 1.35 trillion-euro ($1.5 trillion) pandemic emergency purchase program when they met Thursday, despite President Christine Lagarde subsequently saying that’s likely, according to people familiar with the discussions.

Lagarde’s remarks in a press conference after the policy meeting contrasted with recent signals from colleagues including Executive Board members Isabel Schnabel and Yves Mersch that the improving economy may mean bond-buying could end before reaching the current cap.