THE European Central Bank (ECB) will slow the pace of its pandemic bond-buying programme in the final quarter of 2021, a shift president Christine Lagarde insists isn’t a move heralding a wind-down in stimulus for the eurozone’s still-vulnerable recovery.
“The lady isn’t tapering,” she told reporters in Frankfurt, describing the ECB’s decision as “a recalibration of the pandemic emergency purchase programme for the next three months.”
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