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Investment Event - ECB trims purchases

We do not think this policy decision represents tapering, but rather a reversal of March’s uplift in purchases.
09 September 2021
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    Key takeaways:

    • The European Central Bank (ECB) has announced “a moderately lower pace” of asset purchases under its Pandemic Emergency Purchase Programme (PEPP)
    • The move comes as the eurozone recovery progresses and amid more favourable financing conditions in the region
    • We do not think this policy decision represents tapering, but rather a reversal of March’s uplift in purchases
    • ECB policy is likely to remain relatively accommodative, supporting the bloc’s ongoing economic recovery and equity market performance