Headline inflation surprised meaningfully to the upside again in March, which makes a further upward revision of the ECB’s inflation projections in June all but certain. With the ECB more concerned with the inflation outlook than growth, we believe it will continue the process of policy normalisation, with targeted fiscal policies in charge of supporting .
In December the Governing Council put forward its plan for the exit from the pandemic crisis-related asset purchase configuration, back towards the pre-Covid €20 billion open-ended net asset purchases per month. The ECB confirmed it will discontinue net asset purchases under the Pandemic Emergency Purchase Programme (PEPP) at the end of March 2022 and, to .
Euro currency-related exchange traded funds climbed on Thursday after European Central Bank president Christine Lagarde refused to rule out tightening.
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