BRUSSELS—The European Central Bank is likely to move over the summer to gradually phase out its bond-buying program, perhaps announcing a decision after its July 26 policy meeting, a top ECB official said. But the official—Jan Smets of Belgium—also suggested investors might be right to have recently pushed back their forecasts for when the ECB might increase interest rates for the first time since the financial crisis. Speaking...

Source: Wall Street Journal May 07, 2018 18:11 UTC