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23.12 - 05:29
ECB Extends Bond Purchases as It Phases Out Pandemic Stimulus
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FRANKFURT—The European Central Bank said Thursday it would phase out an emergency bond-buying program while ramping up other stimulus measures, diverging from the Federal Reserve and underscoring the challenge facing policy makers as they balance record-high inflation against the potential hit to growth from the Omicron variant of Covid-19.
The ECB said in a statement that it would end its €1.85 trillion emergency bond-buying program, equivalent to $2.1 trillion, as planned in March, but expand a
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