ECB strikes a somewhat dovish tone, despite inflation remaining top priority

Amundi
By May 10, 2022 12:27

ECB strikes a somewhat dovish tone, despite inflation remaining top priority

April meeting: No further acceleration of stimulus withdrawal was hinted at by the ECB in April. It confirmed both the previous guidance on QE (likely to end in Q3) and the policy sequence, with interest rates to rise at “some time” after QE ends. The ECB is likely to implement a gradual rate normalisation after the end of QE in an ever more data-dependent environment, given high uncertainty regarding the fallout of the Ukrainian conflict on growth …

Amundi
By May 10, 2022 12:27

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