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Credit Suisse highlight that the last......>

ECB VIEW
ECB VIEW: Credit Suisse highlight that the last four core inflation prints have
come in higher than forecasts and are likely to give the ECB "some confidence"
that core CPI is picking up.
- "A rise in core inflation bodes well with a slight hawkish turn in the ECB
rhetoric", CS say and "fits" with their call for the central bank to become
"incrementally and slowly more hawkish" in the run up to announcing a reduction
in QE from Jan 2018 in the Autumn. 
- CS see ECB reducing QE to E40bln in Jan 2018 for three "possibly" 6-months.

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