“there are at least three important take-aways from the ECB minutes:
(1) tapering was not discussed;
(2) the positive economic outlook was conditional on the full implementation of QE; and
(3) the ECB will concentrate on inflation trends, not on single inflation data points.”
“Altogether, there was a strong confirmation of the ECB’s determination to continue with QE, rather than do it half-heartedly. This is something even the last market participants should have subscribed to after this week’s – already now famous – comments from ECB Executive Board Member Benoit Coeure”
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