Gradual ECB Stimulus Phase-Out Expected

28 Jan 2010

Axel Weber, a governing council member of the European Central Bank, said the ECB will gradually phase out stimulus programs designed to boost liquidity because of expected weak economic improvement in the 16-nation euro zone.

Axel Weber, a governing council member of the European Central Bank, said the ECB will gradually phase out stimulus programs designed to boost liquidity because of expected weak economic improvement in the 16-nation euro zone. Weber said countries will need to deal with their current fiscal problems to ...

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