Investment Event - ECB trims purchases
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
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