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REPOST FROM THURSDAY: POV: 'FINAL DECISION'.....>

ECB
ECB: REPOST FROM THURSDAY: POV: 'FINAL DECISION' ON ASSET PURCHASES? With
markets pricing in under 2% probability of a rate hike at the ECB Governing
Council meeting Thursday, attention is mainly on new 2018-20 economic
projections (amid downside data surprises and external weakness) and a final
decision on ending asset purchases.
- In contrast with initial market reaction to a Bloomberg sources piece
Wednesday emphasising a GDP growth forecast downgrade Thursday, MNI's sources
played down the importance of such revisions.
- MNI sources have also indicated that a number of central bank governors want
to see a "final decision" Thursday on pace of APP purchases slowing from E30bln
to E15bln from October before ending in December. But others said that for
flexibility they would retain the word "anticipate" regarding APP wind-down.
- Hawkish risk: ECB makes `final decision` to end QE, downplays growth risks,
retains guidance. 1st hike possibly brought forward but still priced Q419. 
- Dovish risk: ECB retains `anticipate` language on QE taper/end implying door
still open to extended APP beyond 2018, sees risks to growth to the downside. 

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