ECB Preview – Policy Recalibration to Focus on PEPP and TLTRO

<p>Given the strong hint in the October meeting, the ECB is prone to add monetary easing measures at Thursday’s meeting. We expect to see increase in the size of PEPP and adjustment of TLTRO. As the policy rates have been staying in the negative territory for years, it is unlikely to see further rate cut […]</p>
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