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ECB drops easing bias en route to stimulus exit

Having revived eurozone growth with lavish stimulus, the ECB has been dialling back support in tiny increments, fearing any big change could unravel its work

Mr Draghi unveiled a modest upgrade of the ECB's eurozone economic growth forecast to 2.4% from 2.3% previously.


THE European Central Bank dropped a long-standing pledge on Thursday to increase its bond buying if needed, taking another small step in weaning the eurozone economy off its protracted stimulus.

Keeping its broader policy unchanged, the ECB said it could still extend its...