Draghi seen keeping cool on stimulus drive

Warsaw

A TIMELINE for the end of European Central Bank stimulus is taking shape among economists.

Policy makers will wait until at least June before upgrading their assessment of the risks to the euro-area recovery and won't announce another reduction in bond purchases until September, according to most respondents in a Bloomberg survey. Tapering quantitative easing and starting to raise interest rates will take until at least the end of next year and possibly into 2019.