S&P sees ECB staying in support mode until 2018

Rating agency Standard and Poor's said it did not expect the European Central Bank to switch away from its supportive monetary policy before 2018, despite signs that inflation pressures are beginning to return. A report by S&P's chief European economist and a colleague said 2017 was likely to mark the return of inflation in the euro zone, though core readings that strip out more volatile goods such as crude oil should remain subdued and give the ECB leeway to maintain support. "The ECB could