ECB's Schnabel, Villeroy eye end of stimulus scheme

ECB board member Isabel Schnabel (pic) and French central bank governor Francois Villeroy de Galhau were positioning ahead of a meeting on March 10, when rate setters will decide on the future of their money printing scheme amid unusually brisk price growth. Both Schnabel and Villeroy were open to winding down the Asset Purchase Programme, which is a precondition set by the ECB for raising its interest rates.

FRANKFURT: Two European Central Bank officials made the case on Wednesday for ending the ECB's bond buying scheme as high inflation in the euro zone lessens the case for adding stimulus to the economy.

ECB board member Isabel Schnabel and French central bank governor Francois Villeroy de Galhau were positioning ahead of a meeting on March 10, when rate setters will decide on the future of their money printing scheme amid unusually brisk price growth.