ECB’s Stimulus Exit Might Be Slower Than You Think
- Any change in policy language in June may be minimal
- Idea that stimulus sequence might change said to be quashed
Brugel's Papadia Sees ECB Completing Taper in 2018
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The European Central Bank is trying to work out a key question about the road to policy normalization: what’s the speed limit?
Three weeks before their next policy decision, the terms of debate between the ECB’s 25 Governing Council members over announcing and implementing an exit from unconventional stimulus have coalesced around the pace. In one camp are those who want to move slowly. In the opposite camp: those who want to move extremely slowly.