ECB Keeps ‘Significantly Higher’ Language As Hawks Routed

ECB Keeps ‘Significantly Higher’ Language As Hawks Routed

The ECB reiterated Thursday that asset purchases under its emergency pandemic program (PEPP) will continue at a "significantly higher" pace, as the bloc's fragile recovery unfolds. In March, when global bond yields surged and market participants whispered about a "vigilante" revolt, the ECB set about tamping down speculation that the pace of PEPP purchases didn't communicate enough urgency to quell the burgeoning tantrum. Purchases under PEPP would "be conducted at a significantly higher pace"
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One thought on “ECB Keeps ‘Significantly Higher’ Language As Hawks Routed

  1. The EU’s USD 900 BN stimulus package is still to come – capital raise about to start, then about 1/8th of funds disbursed in coming quarter, with rest in subsequent quarters.

    Comparing EU to US stock market – EU has slower vaccination, slower economic recovery, less inflation angst, central bank firm beat-down of hawks, big infrastructure stimulus about to start, lower valuation, more cyclical index, more stable policy in near-term, and so on.

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