ECB sticks to plan of gradual policy normalisation

Euro symbol, Willy Brandt Platz, Frankfurt

The European Central Bank has confirmed that it will maintain its plan for a gradual withdrawal of monetary stimulus after its policy meeting today (April 14).

Despite inflation reaching a new record high of 7.5% in March, the ECB fundamentally kept to the stance it had adopted in its March policy meeting. Back then the central bank accelerated plans to end net asset purchases – a commitment it stressed today.

“Incoming data since our last meeting reinforces our expectation that net asset

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