RIGA, Latvia–The European Central Bank organized ideas Thursday to wind down its €2.5 trillion ($2.9 trillion) bond-buying program by December, however said it didn’t be prepared to raise rates “in the least through summer time of 2019. ”
The movement draws a line under a contentious policy that times divided the ECB’s rate-setting committee and triggered sharp criticism from community officials in the currency bloc’s biggest market, Germany.
. . .but lags far supporting the U.S. central bank in raising interest …