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MNI ECB PREVIEW: April 2021 - Holding Fire For Now As PEPP Debate Simmers

MNI ECB PREVIEW: April 2021 - Holding Fire For Now As PEPP Debate Simmers

  • This week's ECB meeting is widely expected to be a low-risk event.
  • The mid-quarter setting (with an absence of fresh macroeconomic projections), the stabilisation in sovereign bond markets following the earlier sell-off, and lack of clarity on the near-term economic direction, suggest that the GC will be content with standing on the side lines for now.
  • Nonetheless, competing views on the economic trajectory and the lifespan of PEPP are starting to emerge, which could come into sharper focus by the time of the June meeting.
For the full publication, please see:

ECB Preview April 2021.pdf

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