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Lagarde Says QT Will Be Predictable and Measured

ECB
  • A: Re QT: Predictable and measured. The first principle is the starting point, early March '23, and the monthly average, to the end of the 2nd quarter, after which we will reassess.
  • Why E15bln? That's about half the redemptions over that period of time; based on the advice of our market people, national central banks - seemed an appropriate number. Bearing in mind that the key tool is the policy rate.

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