ECB to signal faster money printing to combat yield rise
Wednesday, March 10, 2021 | Tag Cloud Tags: EU, Euro, Europe, News, Worthy News | Learn about our FREE SYNDICATION Service | Sign up for our Worthy Briefs!
(Worthy News) – The European Central Bank is likely to signal faster money printing on Thursday to keep a lid on borrowing costs but it will stop short of adding firepower to its already aggressive pandemic-fighting package.
Concerned that a steady rise in borrowing costs could derail the bloc’s recovery from a pandemic-fuelled recession, ECB policymakers meeting on Thursday will be keen to calm markets and recommit to rock-bottom rates until well into the recovery.
But converting that commitment into specific policy action will be a delicate balancing act. [ Source: Reuters (Read More…) ]
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