FRANKFURT: The European Central Bank’s (ECB) main challenge at its next monthly policy meeting will be to persuade markets that it has no plans in the foreseeable future to start raising interest rates, analysts said.
Financial markets have been spooked by the announcement earlier this month that the US Federal Reserve is preparing to phase out its bond-buying, or so-called “quantitative easing”, programme, bringing the prolonged period of loose monetary policy to an end.
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