European Central Bank to Weigh End to Stimulus Program
The European Central Bank will on Thursday weigh when and how to end its bond-buying stimulus program — an exit that will have far-reaching consequences across the economy, from long-suffering savers to Europe's indebted governments. The bank, which sets monetary policy for the 19 countries that use the euro, has been buying 30 billion euros ($35.5 billion) a month in government and corporate bonds from banks. The purchases are slated to run at least through September, and longer if necessary. Analysts say that decisions on the exit path, which could include several intermediate steps, might come Thursday or at the July 26 meeting. Scenarios include reducing the purchases past September, and then stopping them at the end of the year. An end to the stimulus would be part…