ECB looking for exit from stimulus plan

- The European Central Bank has again taken a small step in reducing the incentive program. Since today, the central bank has not reported that it is ready to extend that program.

The ECB leaves all interest rates unchanged. The formal interest rate therefore remains 0%. But the most important change is that adaptation of communication.

The ECB buys € 30 billion worth of bonds each month until September of this year. In addition, the central bank always reported that if the situation changed, the bank was ready to extend or extend that program. That sentence has now been deleted.

In advance, analysts were already counting on this adjustment of official ECB communication. The central bank is in a difficult situation. The monthly buy-back is meant to drive inflation, but it remains low unchanged.