Report
ECB preview: no tapering yet
We expect the ECB to leave its policy stance unchanged at the June meeting. Specifically, we expect the pace of purchases to be kept at their current “significantly higher” level (though no specific target to be given) . The main message emerging from the press conference, we think, will be that the Governing Council judges it to be premature to discuss any form of tapering at this point.
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Natixis
Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.
Dirk Schumacher
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