The euro area is approaching escape velocity and the ECB will probably tweak its growth forecasts higher at its meeting, suggests the analysis team at ANZ.
“An increasing number of ECB officials have been more vocal on the need to end QE despite undershooting the price stability objective, given growth is so strong. Any hint this ‘hawkish’ camp is gathering more members will mean forward guidance could be updated sooner than expected, propelling the euro higher.”
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