FRANKFURT, Germany (AP) — A survey of German business confidence has matched its all-time high, providing more upbeat data ahead of the European Central Bank’s policy meeting.
The bank’s governing council gathers as markets wait for clues from bank president Mario Draghi at a news conference on how long the ECB will continue its bond-purchase stimulus now that growth is strong.
The bank says it’ll keep buying 30 billion euros ( billion) per month in bonds at least through September. The step pumps newly printed money into the economy to raise still-weak inflation. No changes are expected Thursday.
Germany’s Ifo index rose to 117.6 points in January from 117.2 in December, matching an all-time high from November. The reading follows business activity surveys that also show a strong upswing in the 19-country eurozone.