Easing growth: The headquarters of ECB in Frankfurt. The bank has emphasised its intention to maintain favourable financing conditions in an effort to support the recovery. ─ Reuters
LONDON: European Central Bank (ECB) officials will set policy this week against a backdrop of investors betting on a global upturn even as the eurozone remains mired in pandemic lockdowns and painfully slow vaccinations.
President Christine Lagarde will need to test her institution’s current stimulus plans against the challenges presented by those contrasting situations. While some of her colleagues have signaled concern over rising global bond yields, driven partly by the faster vaccine drive and bigger stimulus plans of the US, others are taking it in their stride for now. Investors will be watching Monday’s bond-buying data to see if the ECB ramped up purchases last week.
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