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ECB Seen Delaying QE Exit Decision as Trade Concerns Mount

  • Economists still predict asset purchases will end this year
  • Protectionism seen as bigger threat than recent slowdown
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ECB Said to See Scope to Wait for a July QE Signal

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Mario Draghi will take longer to lay out the European Central Bank’s plan to exit unconventional stimulus as protectionism threatens the euro-area outlook, economists say in a Bloomberg survey.

No change to policy settings or language is expected from the Governing Council meeting on April 26, and respondents pushed back their estimates for when the ECB president will communicate the next step toward normalization. They still see asset purchases ending this year.