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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

With Inflation on Rise, ECB Readies Tougher Action

The European Central Bank is pushing back against market expectations that it will lift borrowing costs in 2022 - AFP via Getty Images

The European Central Bank is set to announce the end date to its bond-buying stimulus on Thursday, as concerns over the accelerating pace of inflation in the eurozone grip policymakers.

The stop is a prelude to the ECB hiking rates for the first time in over a decade in the weeks that follow, turning the page on an era of ultra-loose monetary policy, AFP said.

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