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ING: ECB Moves "No Actual Stepping Up of Monetary Stimulus"

ECB VIEW

Initial reaction to today's actions from ING: "All these steps are real central bank engineering, something ECB President Christine Lagarde called 'recalibration' at the October meeting, but no actual stepping up of monetary stimulus. Instead, the ECB's main aim is to extend the current level of monetary accommodation until mid-2022."

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