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ECB Preview: Will the ECB taper bond purchases?
When is the ECB announcement? The ECB is due to make its monetary policy decision on September 9th at 11:45 GMT. This will be followed by an ECB press conference at 12:30 GMT. What to expect? Surging inflation across the Eurozone as the economy reopens from lockdown has raised the possibility of the ECB starting to rein in its accommodative policy. Inflation rises at fastest pace in a decade CPI surged to 3% in August, up from 2.2% in July. Core CPI also jumped to 1.5%, up from 0.7%. This was the fastest rise in consumer prices in over a decade and well above the ECB’s target of 2%. Meanwhile PPI which measure ... (full story)