NEW YORK — BlackRock Inc portfolio manager Rick Rieder said on Wednesday that investors should look for the European Central Bank to withdraw some of its stimulus beginning early next year. Advertisement Continue reading the main story"It's the right thing, and it's historic," said Rieder. Rieder said interest rates are too low in the developed world and that the European economy could "absolutely withstand" tighter monetary policy, including somewhat higher rates. Newsletter Sign Up Continue reading the main story Please verify you're not a robot by clicking the box. Sign Up You agree to receive occasional updates and special offers for The New York Times's products and services.

Source: New York Times September 20, 2017 19:50 UTC