The European Central Bank will not change its policy amid weak data

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The European Central Bank will continue to keep its policy for moving slowly in removing euro-area stimulus since the economic data were weaker than what was expected.

Policy makers will continue buying 30bn euros ($36 billion) of assets at least by the end of September, at the same time relating the conclusion of QE (Quantitative Easing) to a sustained adjustment to inflation. Interest rates will remain unchanged and they are expecting borrowing costs to stay at present level until well past the end of net bond purchases.

All the attention will now be at Mario Draghi’s press conference. The decision for the above comes the IMF meetings in Washington that the economic expansion will continue.

In any case it appears that no changes will happen for the time being, until the summer that is.

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