ECB chief economist sees June 14 meeting as ‘pivotal’

ECB chief economist Peter Praet confirmed that next week’s policy meeting will be pivotal for reaching a decision on when to end the institution’s bond-buying programme.

His comments reinforce the view that the ECB is close to settling the question of how long it will keep buying debt to support the eurozone economy. Policymakers are likely to use the June 14 gathering for their first formal discussion on winding down the programme, and could make a public announcement on when that will happen.