Economics
ECB Keeps Stimulus on Track as Inflation Unsettles Markets
- Investor pricing suggests disbelief at low-rate commitment
- President Christine Lagarde to speak at 2:30 p.m. in Frankfurt
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The European Central Bank renewed its pledge to conduct emergency bond-buying at a “moderately” slower pace, holding its nerve even as surging inflation prompts investors to advance unwelcome bets for interest-rate increases.