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Investment Event - ECB trims purchases

The European Central Bank has announced “a moderately lower pace” of asset purchases under its Pandemic Emergency Purchase Programme
13 September 2021
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    ECB trims purchases

    The European Central Bank has announced “a moderately lower pace” of asset purchases under its Pandemic Emergency Purchase Programme

    The move comes as the eurozone recovery progresses and amid more favourable financing conditions in the region

    We do not think this policy decision represents tapering, but rather a reversal of March’s uplift in purchases

    We believe the ECB policy is likely to remain relatively accommodative, supporting the bloc’s ongoing economic recovery and equity market performance