On Thursday, ECB chief Mario Draghi will outline future monetary policies. Analysts expect a shift away from quantative easing - with dramatic consequences for the stockmarkets and beyond...
The European Central Bank has left interest rates and massive support for the eurozone economy unchanged, despite sharp upgrades to the bank's growth forecasts. But inflation will remain stubbornly low, the ECB says.
ECB governors have signalled greater confidence in the eurozone economy following a meeting of the central bank's rate-setting council. Policymakers dropped language of boosting the ECB's massive bond-buying program.
Prices in Germany rose faster than expected in November, strengthening the case of the European Central Bank, which has argued that its economic stimulus will eventually lead to more growth and higher inflation.
After the central bank's latest policy meeting, its president Mario Draghi provided only vague hints as to how the ECB would wind down its huge asset purchases. Fast action has been complicated by a much stronger euro.
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