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ECB tapering talk 'premature' without solid recovery: board member

Digital euro not due out until at least 2026 to ensure stability, Fabio Panetta says

The euro logo in front of the headquarters of the European Central Bank in Frankfurt: ECB policymakers will meet again in June.   © Reuters

BERLIN -- The economic recovery in the eurozone is not strong enough for the European Central Bank to scale back its emergency asset buying at a June meeting, Executive Board member Fabio Panetta told Nikkei, pointing to a lack of self-sustaining growth and the risk posed by rising bond yields.

"From my viewpoint, the conditions that we see today do not justify reducing the pace of purchases," Panetta said in a recent interview, calling such talk "clearly premature."

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