ECB to signal faster money printing to combat yield rise


eu collapse worthy christian news(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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