ECB brings forward the end of its bond buying as inflation surges

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ECB brings forward the end of its bond buying as inflation surges
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The ECB said it now expects to conclude its net asset purchases in the third quarter — earlier than previously stated.

The ECB said in a statement Thursday that it now expects to conclude its net asset purchases under its APP in the third quarter — earlier than previously stated.

Economists had broadly expected the ECB to keep policy steady for now and lay the groundwork for action at its June 9 meeting, once the uncertain outlook for growth and inflation has been established.

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