ECB unveils roadmap of interest rate rise

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ECB unveils roadmap of interest rate rise

STORY: ECB unveils roadmap of interest rate rise DATELINE: March 11, 2022 LENGTH: 00:01:58 LOCATION: FRANKFURT, Germany CATEGORY: ECONOMY SHOTLIST: 1. STANDUP (English): SHEN ZHONGHAO, Xinhua correspondent 2. various of street view in Frankfurt STORYLINE: STANDUP (English): SHEN ZHONGHAO, Xinhua correspondent "The European Central Bank decided on Thursday to revise the schedule for its asset purchase program. The ECB's bond-buying program APP will be conducted at a lower pace for the coming months. The ECB also indicated a gradual interest rates hike after the end of the net asset purchases which is likely to happen in the third quarter of this year." The European Central Bank (ECB) on Thursday unveiled a roadmap to wind down stimulus policies and raise interest rates after a governing council meeting. If the incoming data support the expectation that the medium-term inflation outlook will not weaken even after the end of the net asset purchases, the ECB will conclude net purchases under its asset pur

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