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Summary of MNI's Point of View Ahead of.........>

ECB
ECB: Summary of MNI's Point of View Ahead of today's ECB decision:
* Base Case Scenario: EUR500bn increase in the PEPP and a reaffirmed commitment
to using all policy tools as necessary.
* Dovish Scenario: EUR750bn increase in the PEPP coupled with an announcement
that the programme will run until mid-2021 and that maturing securities will be
reinvested.
* Hawkish Scenario: No increase in the PEPP, with the ECB instead articulating a
strong commitment to using all policy tools as needed.
** For full details please see the MNI ECB Preview June 2002

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