ECB lifts recovery outlook but keeps "steady hand" on stimulus

10/06/2021 21:39 13

ECB lifts recovery outlook but keeps


The European Central Bank raised its growth and inflation outlooks on Thursday but promised to keep ample stimulus flowing, fearing that a retreat now would accelerate a worrisome rise in borrowing costs and choke off recovery.

ECB President Christine Lagarde said policymakers agreed to make further emergency purchases over the next quarter "at a significantly higher pace" than during the first months of the year" but gave no further detail about the expected levels.

Data released Thursday showed the number of Americans filing new claims for unemployment benefits fell last week to the lowest level in nearly 15 months, while consumer prices increased further in May as domestic demand rose.

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