Germany's constitutional court has cast doubt on the European Central Bank's asset purchase program, referring a challenge against it to the European Court of Justice. The ECB currently spends about €60bn a month to prop up the eurozone economy.
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.
The European Central Bank has announced a cut in its bond-buying economic stimulus program, taking its biggest step yet towards unwinding years of loose monetary policy introduced in the wake of the financial crisis.
There's every indication that the ECB will announce a reduction in the scale of its monthly purchases of government bonds when it meets this Thursday. In truth, it has little choice in the matter.
The EU's central bank has decided to curb its monthly bond purchases by half. But DW's Henrik Böhme deplores that an end to what he believes is a risky zero-interest policy is not yet in sight.
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