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Wednesday November 22nd, 2017 6:56PM

European Central Bank to unveil plan to ease off stimulus

By The Associated Press
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FRANKFURT, Germany (AP) — The European Central Bank is expected to say how it plans to ease back next year on its stimulus programs that are credited with a boom in the 19-country eurozone.

The bank will decide Thursday how quickly to reduce the 60 billion euros ($71 billion) in monthly bond purchases. The program injects new money into the economy and pushes borrowing rates down in the wider economy.

Markets will be watching how aggressively the ECB decides to taper off the purchases, including how much longer it expects them to run. Currently they're slated to run until at least the end of this year.

The decisions could be outlined in a statement, followed by a fuller explanation in a news conference.

The ECB is otherwise expected to leave its key rates unchanged.

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