2 of Europe's top central bankers dropped hints that it might be time to start removing unprecedented coronavirus stimulus packages

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• Chief economists at the Bank of England and the European Central Bank are indicating it might be time to retreat from injecting massive amounts of economic stimulus into economies.
• Business indicators seem to suggest that global economies and the UK have recovered sooner and "materially faster" than expected, according to Andy Haldane.
• ECB chief economist Philip Lane has a more cautious outlook. He said that although it might be too soon to tell what the economic trajectory will look like, it might be time to rein in monetary policy over the next few months.
• In dealing with negative shocks, Lane said the European Governing Council in the past has "pulled back, we did shrink the asset purchase program, and we did bring asset purchases to zero when we thought we could."
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Top policymakers in Europe this week seemed to indicate it might be time to rein in the flow of money meant to protect economies from an outright collapse.

While assessing the path to recovery, the Bank of England's chief economist Andy Haldane said this week that the UK economy has bounced back sharply in comparison to what was originally expected. 

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See Also:

• US consumer confidence jumps most since 2011 as the economy reopens
• Fed’s Powell says the US economy has bounced back quicker than expected — but warns failure to contain the virus will create new hurdles
• A key labor-market ratio has tumbled near record lows — and Deutsche Bank's top economist says the US has to create a whopping 30 million jobs to reach a new all-time high

SEE ALSO: The IMF's chief economist poured cold water on the Bank of England's claim the UK is heading for a V-shaped recovery

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