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ECB critics, weary of lax policy, voice fresh doubts


By Balazs Koranyi and Toby SterlingFRANKFURT/AMSTERDAM (Reuters) - Top critics of the European Central Bank's asset purchase scheme expressed fresh doubts about the effectiveness of the programme on Wednesday, laying down their arguments just as the bank prepares for a debate on extending the measures.With its unprecedented 2.3 trillion euro ($2.6 trillion) bond buying scheme set to run until year's end, the ECB will have to decide this autumn whether to keep on buying to prop up a still weak inflation rate or start winding down the programme. Conservative countries led by Germany, the bloc's ...

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First Published: Wed, June 14 2017. 16:49 IST