EUR: ECB chief hints at end of QE policy – ING
|President Draghi's more hawkish inclinations have set tongues wagging, with markets now seeing the end of the ECB's QE policy as a matter of when, not if, suggests the research team at ING.
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“But investors should not get carried away; the implicit reference to removing accommodation in line with changes in the neutral rate suggests a very slow normalisation process. EUR/$ beyond 1.14-1.15 could be seen as an overshoot.”
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