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ECB's journey out of stimulus is still long and unclear

Reuters  |  FRANKFURT 

By Francesco Canepa and Balazs KoranyiFRANKFURT (Reuters) - European Central Bank policymakers are preparing to dial back their extraordinary stimulus measures if the economy continues to improve, but that course of action is not yet certain, comments by three ECB rate setters and accounts of the latest meeting showed on Thursday.Inflation and economic growth in the euro zone have rebounded, but the bloc's central bankers have yet to be convinced that this recovery would continue if their 2.3 trillion euros ($2.55 trillion) money printing programme and ultra-low rates are taken away.Such ...

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First Published: Thu, May 18 2017. 19:48 IST