Market News
ECB to stand by past stimulus policies in strategy review - REUTERS
By Francesco Canepa and Balazs Koranyi
Summary
- ECB to keep reference to 'forceful' action
- Review yields little criticism of past moves
- Some policymakers had urged deeper soul-searching
FRANKFURT, May 13 (Reuters) - The European Central Bank will stand by its aggressive stimulus policy of the last decade in a strategy review, side-stepping calls for self-criticism after a bout of high inflation and sizeable losses, several ECB policymakers told Reuters.
The review, which began in March, will address some big questions about the way the ECB works, including whether massive bond purchases, negative interest rates and giving guidance on the future path for rates remain good policy tools.
