The European Central Bank is slipping back its monetary support to the economy

The US Federal Reserve is stepping up its exit from its economic support program and is forecasting three rate hikes next year.

The Bank of England is raising its key rate to 0.25%

and the Bank of Norway is

raising its

to 0.50%.

The European Central Bank (ECB), for its part, is sketching a stealthy withdrawal from its monetary support.

justifies its president, Christine Lagarde.

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Between strong economic recovery and uncertainties linked to the Omicron variant, between inflationary surge and its medium-term objectives, the ECB is trying to navigate very uncertain waters.

With a watchword:

.

The Governing Council, which met on Thursday, approved a smooth exit from the exceptional asset buyback device linked to the pandemic (PEPP).

This program, endowed with 1,850 billion euros, is due to end in March.

But its effects will not dry up immediately, since its reinvestments - when ...

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