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Policymakers on the European Central Bank's Governing Council were divided as to whether or not purchases under the PEPP scheme should be scaled back, the accounts of the June 10 meeting show, confirming the strength of the debate as reported by MNI ahead of the meeting.
With both growth and inflation picking and upside risks growing, some policymakers argued that "asset purchases should be scaled back somewhat" stressing that as a matter of symmetry and consistency in decision-making, the improved outlook should be reflected in the pace of purchases.
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