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European Central Bank meets as bond markets wobble and economy turns south

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The European Central Bank is expected to keep rates on hold when it meets this week in The European Central Bank is expected to keep rates on hold when it meets…

The inflation print in September showed a decline to 4.3% down from 5.2% in August according to Eurostat.

FRANKFURT — The European Central Bank is expected to keep rates on hold when it meets this week in Athens. Since the last ECB meeting — which only saw a small majority of council members vote for a rate hike — bond yields have risen substantially, causing some concern in Frankfurt. PEPP, or the Pandemic Emergency Purchase Program, is a flexible bond purchase program introduced during the coronavirus pandemic.

 

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