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BT - Wall Street Breakfast: End Of Era As ECB Winds Down QE
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The European Central Bank is all but certain to formally end its three-year, €2.6T monetary stimulus scheme today, which will be followed by a news conference with President Mario Draghi and Vice President Luis de Guindos, as well as updated growth and inflation projections. The economic picture is still fragile, however, and the ECB could struggle to bring interest rates back up to zero percent, especially if the