European Central Bank in no hurry to yank stimulus

FRANKFURT, Germany (AP) — Things are looking up for the European Central Bank. The 19-country eurozone economy is gathering speed. Higher oil prices should boost still-sluggish inflation, the bank's chief concern.

And, so far, financial markets haven't panicked over the bank's Oct. 26 decision to scale back its bond-purchase stimulus program, to 30 billion euros ($35 billion) a month from 60 billion euros starting in January.

So analysts aren't expecting big changes at Thursday's meeting of the bank's 25-member policy council at its skyscraper headquarters in Frankfurt.