ECB: what does a dovish hike mean? - UOB

Ross J Burland FXStreet

Analysts at UOB Group explained that over the past week, the market seemed to have a slight change in expectations of the expectations of “dovish taper” by the European Central Bank (ECB).

Key Quotes:

"This followed comments from various ECB officials that seem to dial back on the dovish expectations. ECB board member Sabine Lautenschlaeger said that ECB should set a clear end date for its asset purchase programme."

"ECB Governing Council member Philip Lane said that ECB could tighten monetary policy more decisively once Eurozone inflation is on a clear path towards its longer term target. While ECB governing council member Ewald Nowotny said that ECB should have signaled a clear end to its bond buys in the last meeting."

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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