Recents in Beach

ECB projects brighter outlook but maintains steady flow of stimulus

ECB projects brighter outlook but maintains steady flow of stimulus




Afraid of a retreat that would  accelerate a concerned  rise in pouring costs european central  bank popularly known as ecb it has  raised its  growth and inflation projections but it  has also pledged to keep  a steady flow of stimulus over the  summer and choke off the recovery  as the governments are already buying up  most of the new debt  issued by eurozone governments ecb said  it would buy  bonds at significantly higher price than  during the early months of the year  this has reaffirmed ecb's pledge from  march  as most ecb watchers had expected  reports say  three of 25 members of governing council  they wanted to reduce  pace of pep at the meeting now citing a  better outlook for growth and inflation  19 country eurozone has relied on ecb  money printing to finance  ballooning government deficits leaving  it vulnerable to  any curbing of stimulus.

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