Ben Bernanke

European Central Bank's Draghi to tiptoe to stimulus exit

European Central Bank head Mario Draghi is likely to tread softly on Thursday as the bank inches toward bringing an end to its monetary stimulus efforts.

Analysts think it's a near-certainty that the ECB, the monetary authority for the European Union's 19-country euro currency union, will start scaling back its 60 billion euros ($69 billion) in monthly bond purchases after their earliest termination date at the end of the year.

But they don't expect Draghi to provide the road map for the exit at Thursday's news conference, which will follow the regular meeting of the bank's 25-member governing council at the bank's Frankfurt skyscraper headquarters. The bank is expected to...

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