For ECB and Fed, Trump complicates decisions on rate policy
November 13, 2016
FRANKFURT, Germany (AP) — Donald Trump's surprise election victory has helped solidify expectations for an interest rate increase next month by the U.S. Federal Reserve — but may have complicated a decision for the European Central Bank, which faces a difficult choice over more stimulus.
For the ECB, the issue is what to do about its bond-buying program, which pumps new money into Europe's struggling economy each month to try to accelerate growth and inflation.
The Fed and the ECB — two of the world's most important central banks — will be making its policy decisions before Trump is inaugurate...
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