IRL - The ECB's Twisting Time Is Here
The ECB has adopted a more circumspect attitude to its announced intention and capability to end QE later this year. It has also inserted an option to prolong the process should it need to do so. Current conditions precedent suggest that the ECB may now have to avail itself of this option.
The last report noted that the markets have given the ECB the flexibility to call the shots on its normalisation trajectory. The recent data combination of counter-balancing inflation and growth data reinforces the ECB’s hand.
(Source: Seeking Alpha)
Recently released growth and