ECB Preview – Lagarde to Expand PEPP and Sharply Downgrade GDP and Inflation Forecasts

<p>We expect ECB to add more stimuli and downgrade it macroeconomic projections at the upcoming meeting. It is likely that the more flexible PEPP will be expanded and extended. Previous meetings suggest that the members are reluctant to lower the deposit rate further. The concerns are mainly the limited impact on the economy and the […]</p>
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