The headquarters of the European Central Bank (ECB) are pictured in Frankfurt, Germany, September 8, 2016. REUTERS/Ralph Orlowski
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European Central Bank rate setters agreed when they met in September that the eurozone's economy needs continued monetary stimulus and that underlying price growth showed no sign of a strong recovery.Bond markets have been rattled by speculation the ECB might reduce the pace of its bond purchases, currently at 80 billion euros ($90 billion) per month, although the central bank says that has not been discussed by its policymakers.ECB President Mario Draghi said after the meeting the bank would look at ways to ensure the bond purchases could carry on smoothly.Market analysts have speculated the ECB could buy equities but this move would have a limited impact on the real economy as the stock market only accounts for a small portion of the eurozone's corporate sector.These changes would help the ECB buy more of the negative-yielding short-term German paper that analysts fear it will run out of.
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