Friday, September 22

ECB would rethink end of bond buys in deep recession – Schnabel

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FRANKFURT — The European Central Bank would reconsider plans to end its bond-buying stimulus program this summer if the euro zone economy fell into a “deep recession” because of the conflict in Ukraine, ECB board member Isabel Schnabel said on Thursday.

“If we now fall into a deep recession due to the Ukraine crisis, we’ll have to rethink that,” she told a German web show. (Reporting By Francesco Canepa Editing by Chris Reese)