ECB sticks to plan of gradual policy normalisation

Lagarde says net asset purchases should finish in the third quarter of the year

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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