ECB Announces September Taper, Will End QE In December, Rates To Remain On Hold Until Summer 2019

ECB Announces September Taper, Will End QE In December, Rates To Remain On Hold Until Summer 2019

And for this week's second headline event, here comes Draghi. On Sunday, we brought you "Rome May Be Burning, But Draghi Is No Longer Your Fireman: What To Expect From The ECB", which, as the title suggests, was a post about what to expect from the ECB (no false advertising here). To be clear, they need to start taking big steps down the road to normalization. They've tapered, but the balance sheet is still growing and they're still mired in NIRP. Importantly, the eurozone economy looks like
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