File - In this Thursday, April 21, 2016 file photo president of European Central Bank, ECB, Mario Draghi speaks during a news conference after a meeting of the governing council in Frankfurt, Germany. (AP Photo/Michael Probst)
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be scaled back if economy gets better, DraghiEuropean Central Bank head Mario Draghi signaled the bank could trim back its stimulus efforts if the economy keeps strengthening, but said that any such move would be gradual. Draghi's said in a speech Tuesday at an ECB conference in Sintra, Portugal, that "a considerable degree" of stimulus support was still needed and that "we need persistence in our monetary policy". But he said that the bank's level of stimulus will be adjusted as the economy improves but would remain supporting of the economy, or "accommodative," as Draghi put itValli said in a research note that, absent unexpected trouble for the economy, bond purchases could be reduced to 40 billion euros a month in the first half of 2018 and to 20 billion euros in the second half before ceasing at year end.
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