The headquarter of the European Central Bank ( ECB ) is pictured in Frankfurt am Main, western Germany, on September 3, 2015.
AFP PHOTO / DANIEL ROLAND
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The European Central Bank is edging closer to unleashing more monetary stimulus on top of the 1.1 trillion euros ($1.2 trillion) it is already pumping into the eurozone's less than impressive economic recovery.A big concern is preventing the euro from rising from its current level around $1.13 per euro.The ECB, the chief monetary authority for the 19 countries that use the shared euro currency, is currently making monthly purchases of government and corporate bonds using newly created money.Marco Valli, chief eurozone economist at UniCredit Research, thinks the ECB won't announce more stimulus until the first months of next year. He said, Draghi will Thursday try to keep a lid on the euro by making clear that more stimulus could be coming.
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