Swiss Economicblogs.org
A generally more optimistic ECB looks set to announce its roadmap for QE tapering in September. QE tapering itself may start in Q1 2018.The ECB delivered a fairly balanced, albeit more optimistic message at today’s press conference, echoing upward revisions to the staff projections for 2017-18 euro area GDP growth and inflation. Crucially, however, the 2019 projection for inflation was left unchanged at 1.7%.Looking ahead, the ECB’s four inflation criteria are unlikely to be fully met before...
Read More »ECB fine tunes communication as recovery broadens
