Europe’s central bank to speed up end to economic stimulus

The European Central Bank has said it will speed up ending its economic stimulus programmes to combat record inflation (PA)

The European Central Bank has said that it will speed up ending its economic stimulus efforts to combat record inflation that threatens to go ever higher as energy prices soar during Russia’s war in Ukraine.

The move was a tough choice because the war also has exposed Europe to a potential hit to economic growth and any moves to counter rising consumer prices could endanger that growth.