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Dec 10 - 12:55 AM

EUR: ECB To Take Baby Steps To Normalization Next Week - Danske

By eFXdata  —  Dec 09 - 04:30 PM

Danske Research discusses its expectations for next week's ECB December policy meeting.

"The ECB meeting on Thursday next week has been a key focal point this year, with a recalibration of the ECB’s monetary policy instruments...Specifically, we expect PEPP net purchases to end in March 2022, as originally planned," Danske notes. 

"We expect APP to continue at EUR20/month, and with an additional envelope of EUR250bn that is available with flexible implementation, but with the capital key and ISIN limits still in place. We expect at least a firm indication of TLTRO operations coming in 2022, however, the actual announcement may only come at the February meeting, in light of recent comments from GC members," Danske adds. 

Danske Research/Market Commentary


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