ECB to weigh more bond buying if war crashes economy -Schnabel

From nasdaq.com

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. Schnabel, the most hawkish of the six board members who run the ECB, said the central bank had "left the door ajar" in case events took a turn for the worse ... (full story)