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2017.02.2009:53:00UTC+00ECB looks for guidance mishaps to end stimulus

European Central Bank officials are scrambling to find the best option to say that the current stimulus should be ended.

When ECB Executive Board member Yves Mersch suggested a plan to assess the ECB's direction on future acts, officials have begun to focus on formulating the exit proposal from negative interest rates and quantitative easing.

Eurosystem officials privy to the discussions divulged an improved eurozone economy might support the necessity to modify the central bank's stance. But they said a greater anxiety is that it would result in more troublesome market conditions which cripple existing measures.

Officials said this is not perhaps the right timing to revise its official statement. An ECB spokesperson refused to clarify the matter.

Presently, the ECB's current stance is that rates will remain at current or lower levels for a prolonged period, and until well after the conclusion of the €2.28 trillion ($2.4 trillion) asset purchasing program.

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