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Stock impact report

ECB to play down soft data, keep door open to ending bond buys [Reuters (UK)]

Bank of America Corporation (BAC) 
Last bank of america corporation earnings: 4/15 06:45 am Check Earnings Report
US:NYSE Investor Relations: investor.bankofamerica.com
Company Research Source: Reuters
ECB to play down soft data, keep door open to ending bond buys | Reuters 5 Min Read FRANKFURT (Reuters) - The European Central Bank is set to keep policy unchanged on Thursday, playing down worries over recent softness in the euro zone economy and leaving the door open to ending its lavish bond purchase scheme by the close of the year. Having tweaked its guidance last month to reflect solid growth, the ECB will probably argue that the economy is humming along and that the exceptional readings seen around the turn of the year were always unlikely to be sustained, economists said. Indeed, with the 19-country bloc’s economy having expanded for 20 straight quarters, the main debate among policymakers is about how to withdraw stimulus further. In particular, they need to agree an end-date for the ECB’s 2.55 trillion euro ($3.10 trillion) bond purchase program, which has depressed borrowing costs and kick-started growth, even if it has failed to lift inflation back to target. “When the goin Show less Read more
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