ECB Would Rethink End Of Bond Buys In Deep Recession – Schnabel

ECB Would Rethink End Of Bond Buys In Deep Recession - Schnabel

FRANKFURT (Reuters) – The European Central Bank would reconsider plans to end its bond-buying stimulus programme this summer if the euro zone economy fell into a “deep recession” because of the conflict in Ukraine, ECB board member Isabel Schnabel said on Thursday.

“If we now fall into a deep recession due to the Ukraine crisis, we’ll have to rethink that,” she told a German web show.

(Reporting By Francesco Canepa; Editing by Chris Reese)