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ECB Slows Crisis Stimulus in Shift Lagarde Says Isn’t Taper

  • Officials to reduce bond buying ‘moderately’ from earlier pace
  • Lagarde sees euro-region recovery as ‘increasingly advanced’
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'The Lady Isn’t Tapering,' ECB's Lagarde Says
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The European Central Bank will slow the pace of its pandemic bond-buying program in the final quarter of 2021, a shift President Christine Lagarde insists isn’t a move heralding a wind-down in stimulus for the euro-region’s still-vulnerable recovery.