Banks guidance ahead of the ECB meeting

8 December, 2016

It seems that everything is clear the ECB will extend its asset-purchasing program, and send the euro lower. But banks smell a rat in this announcement. The ECB should introduce more easing measures, but it may simultaneously point to the possibility of tapering asset purchases in 2017. And that’s what makes us uneasy. How to decipher this ambiguous announcement? 


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