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ECB’s Panetta Sees No Justification for Slowing Bond-Buying

  • Only sustained inflation would justify reduction, Panetta says
  • ECB Governing Council meets on June 10 to decide on policy
The European Central Bank's Headquarters Illuminated During Luminale Light Festival

Photographer: Martin Leissl/Bloomberg

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European Central Bank Executive Board member Fabio Panetta said he sees no signs of sustained inflation pressures that would allow for a reduction in bond purchases yet, in the latest move by a top official to downplay expectations of an imminent policy shift.