ECB to slow crisis stimulus pace, says Lagarde

ECB Largade“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.”

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.”