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ECB slows pandemic stimulus as eurozone bounces back

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European Central Bank took a small step towards scaling back pandemic-era stimulus Thursday, but sought to reassure markets of its ongoing support as the fast-spreading Delta variant clouds the eurozone recovery.

The ECB's 25-member governing council said it would slow the pace of its massive monthly bond purchases, as economic activity bounces back and inflation surges higher.

The 1.85-trillion-euro ($2.2 trillion) pandemic emergency bond-purchasing programme (PEPP) is the ECB's main tool to cushion the impact of the coronavirus crisis and is aimed at keeping credit cheap in the eurozone. "The governing council judges that favourable financing conditions can be maintained with a moderately lower pace of net asset purchases under the

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
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Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
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Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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