The European Central Bank is expected Thursday to end a key economic stimulus program and map out its plan to raise interest rates for the first time in more than a decade as it seeks to join the U.S. Federal Reserve and other central banks in tackling high inflation. But it's a delicate balance to not further slow economic growth.
Markets will parse remarks from President Christine Lagarde for clues about how far the bank will go in making credit more expensive in the 19 countries using the euro currency. That is because the meeting likely also will lay out a sharp downgrade to the bank's forecasts for economic growth as Russia's war in Ukraine sends shock waves through the global economy.
