The economic situation is improving and the downside risks are losing strength, but it is still too early to consider phasing out the 'quantitative easing' (QE) operation, in the view of the European Central Bank.
“There is no need to discuss the sequencing of exiting QE”, the President of the ECB, Mario Draghi, said on Thursday 27 April following the meeting of the Governing Council.
The monthly pace for the purchase of mainly public securities will, as anticipated, stand at €60...