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ECB Keeps Stimulus Unchanged Despite High Inflation
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FRANKFURT—The European Central Bank said it would keep its large monetary stimulus unchanged, delaying a decision on whether to phase out easy money in response to surging inflation as global supply-chain bottlenecks and shortages weigh on the region’s recovery.
While the eurozone economy has grown briskly in recent months as governments dialed back social restrictions, the region’s economic output is only expected to return to its pre-pandemic level in early 2022, up to a year later than the larger U.S. economy.
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