The ECB remains accommodative: “Recovery, Covid variants greater concern”

The European Central Bank is not a “passive bystander”. It is ready to intervene to avoid a tightening imported from the US and premature financing conditions for all economic sectors in the euro area which must remain “favorable” until the ECB deems the pandemic crisis over. The tapering at this moment it remains a strictly American phenomenon: while the Federal Reserve is preparing to initiate the closure of its only program of purchases of securities, …