ECB Signals Continuation of Bond-Buying Program

REUTERS/Ralph Orlowski/File Photo

Senior officials at the European Central Bank (ECB) have said that the agency intends to push on with its massive bond buying until it is satisfied with the outlook for euro zone inflation, according to a recent Reuters article.

ECB Chief Economist Peter Praet said that taking away the stimulus early, a prospect that rattled the markets last week, would stall the economic recovery and that the ECB remains committed to providing stimulus, according to Reuters.

"We therefore remain committed to preserving the very substantial amount of monetary support that is embedded in our staff projections and...remains necessary to secure a return of inflation to (target)," Praet stated.

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