STUPF - Gold Set to Benefit from Possible ECB Interest Rate Hikes
Toward the end of last year, the European Central Bank announced that it would end its emergency purchase program for the pandemic in March 2022. While this doesn’t signal a stop to quantitative easing, as the central bank of the Eurozone continued to purchase assets under this program, it does mean that it will be reducing the frequency of its purchases in 2022.
During a conference held recently, the president of the European Central Bank, Christine Lagarde, admitted that the bank would stop net asset purchases...
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