FRANKFURT AM MAIN: The European Central Bank will prefer to play for time and seek to calm financial markets than sketch out the exit from its easy-money policy at its Thursday meeting, analysts agree.
Conflicting pressures are squeezing the ECB: a stronger euro and still-sluggish inflation could justify prolonging its “quantitative easing” bond-buying programme, but it is approaching the legal limits of the scheme and may be forced to wind it down.
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