ECB to Weigh More Bond Buying If War Crashes Economy

Reporter: Hasbi Maulana | Editor: Hasbi Maulana

KONTAN.CO.ID -  FRANKFURT, March 24 (Reuters) - The European Central Bank would consider extending its money-printing programme beyond 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.

The ECB said earlier this month its would end its bond-buying stimulus scheme this summer and raise interest rates for the first time in over a decade some time after that, as it comes to grips with a sudden rise in inflation.