ECB slows pace of pandemic stimulus programme but insists no tapering

Industry reacts to central bank's decision

Pedro Gonçalves
clock • 5 min read
ECB president Christine Lagarde said the move was different to the tapering being done by other central banks
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ECB president Christine Lagarde said the move was different to the tapering being done by other central banks

The European Central Bank is set to slow the monthly bond purchases under its crisis programme as the economic outlook improves.

"Based on a joint assessment of financing conditions and the inflation outlook, the Governing Council judges that favourable financing conditions can be maintained with a moderately lower pace of net asset...

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