ECB's Knot: Practically all the incoming news has been a surprise on the upside

Author: Adam Button | Category: Central Banks

Comments from the Governing Council member

ECB Knot
  • ECB TLTROs have a serious distortive effect
  • Outlook may allow for slower ECB stimulus
  • Practically all the incoming news has been a surprise on the upside
  • PEPP could end in March
  • Can reduce PEPP pace because financing conditions are favorable
The ECB hawks might make it interesting this month.
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