ECB Expands and Extends PEPP, after Sharply Downgrading Inflation

<p>ECB’s increase in stimulus was slightly more than we had anticipated. The move was mainly driven by the sharp downgrade in inflation outlook. The decision has sent a strong message to the market that the central bank is “undeterred” by German constitutional court’s ruling and will continue to adjust the monetary policy as appropriate. At […]</p>
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