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ECB to accelerate phaseout of fiscal stimulus amid surging inflation

The war in Ukraine has exacerbated already high inflation, and the European Central Bank has said it is preparing to be more aggressive on ending fiscal stimulus packages.

The European Central Bank (ECB) on Thursday said it would begin easing fiscal stimulus in the eurozone sooner than previously expected as higher inflation projections have been brought on by the war in Ukraine.

  • Deutsche Welle

The ECB said it would begin tapering its purchasing of government debt in April, starting with €40 billion, then working its way down to €20 billion by June.

It expects to conclude its bond-buying program by the third quarter of 2022, it said in a…

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