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ECB Acts to Avert ‘Brutal Transition’ in Exiting Crisis Mode

  • Pandemic tool will be halted in March, but not scrapped
  • Policy makers retain flexibility to respond to omicron threat
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Lagarde: Very Unlikely ECB Raises Rates in 2022
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The European Central Bank temporarily boosted regular monthly bond buying for half a year to smooth the exit from pandemic stimulus as President Christine Lagarde unveiled forecasts showing a strong economic rebound along with an outlook for faster inflation.